COOKIE’s Volatile Turn: $12M Sale Follows Binance Announcement

• Multi-signature wallet moves millions of COOKIE tokens, sparking market changes.
• COOKIE token price drops 27.5% after large sale, signaling market impact.
• Market cap of COOKIE stands at $157.72M with 30.12% of total supply in circulation.

A multi-signature wallet connected to the COOKIE token project made some big moves after Binance said it would list the token. Just eight hours after Binance’s announcement, roughly 20 million COOKIE tokens (worth about $12.55 million) were sent to the exchange, triggering a COOKIE sell-off.

The wallet still holds about the same amount of COOKIE, valued at around $11.33 million. All this activity has made the COOKIE market pretty volatile.

A multi-sig linked to the Cookie project deposited 20M $COOKIE ($12.55M) to #Binance 8 hours ago, following the Binance listing news!

This multi-sig received a total of 75M $COOKIE from Cookie's Deployer wallet on June 13, 2024, and now still holds 20M $COOKIE ($11.33M).

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— Spot On Chain (@spotonchain) January 11, 2025

Tracing the COOKIE Transfers

The COOKIE transfers started with the “Cookie: Deployer” address, which moved 75 million COOKIE (wor…

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