Seventeen Team Wallets Moved 1.35 Billion BILL to Bybit. The Token Is Down 97 Percent
The team raised $30 million. Seventeen wallets released 13.6 percent of the supply into one exchange.
Seventeen wallets tied to the BILL team received tokens and sent about 988 million BILL to Bybit over two months[1][2]. A separate deposit address added 360 million BILL this week, tokens the project’s multi-signature wallet had released[2]. Total inflow: about 1.35 billion BILL, 13.6% of supply, roughly $15 million[3]. Lookonchain ties all 17 to transfers from the team multisig[4]. BILL trades about 97% below its high[5]. The team raised about $30 million from Coinbase Ventures and Polychain Capital[6].
What to do: treat the deposits as unverified until the team or the exchange answers, because Odaily says the wallet flows and the allegations still require further verification[7].
Who gains, who loses
Receipts
Over the past two months, 17 wallets associated with the team received tokens and deposited approximately 988 million BILL into centralized exchanges.
“In the past two months, 17 wallets associated with the team have received tokens and deposited approximately 988 million BILL into CEX, while another independent deposit address also deposited 360 million BILL into CEX this week.”
The 17 team-associated wallets deposited approximately 988 million BILL into Bybit specifically, and the independent deposit address deposited 360 million BILL into Bybit this week.
“Over the past two months, 17 wallets that received tokens from team-associated wallets deposited approximately 988 million BILL into Bybit; this week alone, another independent deposit address deposited 360 million BILL into Bybit, with…”
Approximately 1.35 billion BILL flowed into Bybit over the past two months, accounting for about 13.6% of the token's total supply, with an estimated value of approximately $15 million.
“Monitoring shows that approximately 1.35 billion BILL flowed into Bybit over the past two months, accounting for about 13.6% of the token's total supply, with an estimated value of approximately $15 million.”
Lookonchain reported that 17 addresses that received tokens from team-linked wallets deposited approximately 988 million BILL onto crypto exchanges over the past two months, with tokens sourced from the project team's multi-signature wallets.
“Over the past two months, 17 addresses that received tokens from team-linked wallets have deposited approximately 988 million BILL onto crypto exchanges.”
Lookonchain reported the BILL token (full name Billion, ticker BILL) has plunged around 97% from its all-time high.
“The BILL token (full name Billion, ticker: BILL) has plunged around 97% from its all-time high.”
The BILL project team previously received approximately $30 million in financing from institutions including Coinbase Ventures and Polychain Capital.
“The project team previously received approximately $30 million in financing from institutions including Coinbase Ventures and Polychain Capital.”
Odaily reported that the wallet flows and allegations regarding the BILL project's nature still require further verification.
“however, the aforementioned wallet flows and allegations regarding the project's nature still require further verification.”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.