After the BitDAO Token governance proposal was approved, BitDAO transferred over $550 million in BIT on-chain

According to ChainCatcher news, as monitored by Arkham, after the BitDAO token restructuring governance proposal was passed yesterday, BitDAO transferred over $550 million in BIT on-chain. In preparation for the upcoming token transition, $120 million in BIT has been transferred to contributor wallets, while the remaining approximately $500 million is in BitDAO's "flexible" wallet. (source link)