Suspected Billions team address deposits $1.7M in BILL to Bitget

Onchain School, an X account specializing in on-chain analysis, reported that an address suspected of belonging to the Billions (BILL) team (starting with 0x382b) deposited 10 million BILL to Bitget about 30 minutes ago. Onchain School added that while the address is newly created, it had previously received a significant amount of tokens from a team address. Deposits to exchanges are typically interpreted as an intention to sell. According to CoinMarketCap, BILL is currently trading at $0.1957, up 31.87%.