Analyst: The BEAT team's associated wallet sent $1.2 million worth of tokens to a CEX, raising suspicions of profit taking.

BlockBeats News, December 8th. According to Onchain School monitoring, approximately 17 hours ago, a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to Gate. Currently, these tokens are still held in the CEX deposit address and have not been further transferred or traded.

However, analysis has found that some of the BEAT team's holding wallets have already conducted small transactions, indicating that there may be further trading activities to cash out and profit.