Treasury Drainer Status Summary
Published 7/18/2026, 9:44:52 PM
As of July 18, 2026, the BONK treasury drainer is estimated to have between 2.4 trillion and 4.386 trillion BONK remaining to sell. While some reports indicate a remaining balance of 2.4 trillion BONK (approx. $6.94 million), independent verification of the exploit suggests the drainer may still control up to 4.386 trillion BONK (approx. $19.3 million) [Source: https://www.coindesk.com, https://www.cryptobriefing.com].
Treasury Drainer Status Summary
The drainer has no formal sell schedule, but on-chain activity indicates a strategy of aggressive liquidation through major centralized exchanges.
| Metric | Data Point |
|---|---|
| Total Drained (July 6, 2026) | |
| Estimated Remaining Balance | 2.4T to 4.386T BONK [Contested] |
| Recent Activity (July 18) | 1.19T BONK to Binance; 400B BONK to Coinbase |
| Current BONK Price | ~$0.00000277 (Down ~9.75% in 24h) |
| Exploit Method | Malicious Governance Proposal (BIP #76) |
Liquidation Strategy and Market Impact
The drainer has been utilizing high-velocity transfers to liquidate holdings. On July 18, 2026, the following movements were observed:
- Exchange Inflows: Approximately 1.19 trillion BONK was moved to Binance over a 7-hour window, alongside 400 billion BONK sent to Coinbase [Note: not independently confirmed].
- Market Sales: A direct market sell of 800 billion BONK (~$2.48M) was recorded earlier today, contributing to a significant price decline.
- Governance Context: The funds were originally drained via a malicious proposal titled "BIP #76 - Sowellian BonkDAO," which passed with 99.9% "yes" votes from only 7 wallets [Source: https://www.coindesk.com, https://www.techtimes.com].
Remaining Sell Pressure
The attacker's intent, as signaled through the "Sowellian BonkDAO" proposal, appears to be the full monetization of the treasury holdings. Market analysts suggest the drainer will likely continue selling until the wallet is empty, as there has been no indication of a "voluntary stop" or negotiation with the BonkDAO.
The discrepancy in remaining balance (2.4T vs 4.386T) suggests that while a large portion has been moved to exchange deposit addresses, a significant amount may still reside in the original drainer wallet or intermediary "mixer" wallets. The continued selling pressure has resulted in a ~40% price decline for BONK since the July 6 exploit [Source: https://www.cryptobriefing.com].