According to on-chain data monitoring, the Floki team-related addresses have conducted a large transaction within the past hour. The address exchanged 27.4 billion FLOKI tokens for 340.61 ETH, with a transaction value of approximately $1.35 million.

Interestingly, the flow of funds reflects an intriguing on-chain routing. The tokens originally came from Floki's deployment address, which three years ago distributed tokens to another key address. Subsequently, through an intermediary address, the funds reached the address that executed the large sell-off this time. This multi-layered fund chain arrangement typically indicates the project's cautious attitude toward large transactions.

In the crypto market, such whale-level on-chain actions often attract market attention—whether it's institutional rebalancing, cashing out, or strategic deployment, they can provide important signals to market participants. For FLOKI holders, the specific intent behind this transaction warrants ongoing observation.