The BEAT team associated wallet sent tokens worth 1.2 million dollars to CEX, suspected of selling for profit

According to monitoring by Onchain School, Arkham data shows that a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to the cryptocurrency exchange Gate. Currently, these tokens remain in the exchange's deposit address and have not been further transferred or traded.

However, analysis reveals that some of the BEAT team's holding wallets have tested small transactions, indicating that there may be trading operations in the future to cash out for profit.