Bankrupt exchange FTX has been sending out its Terra Classic holdings since late February, with the distribution campaign seeing a massive uptick this month. As a result, the embattled platform has transferred over 82.5 billion LUNC tokens in the past week.

Notably, the FTX Hot Wallet address moved 32.5 billion Terra Classic in three uneven transactions on March 7. All three transactions were eight hours apart, with two of them sending 17.5 billion to a central address. The funds were then routed to exchanges.

The FTX address sent 20 billion LUNC to the same central address three days later. Shortly after that, on March 14, up to 30 billion Terra Classic tokens were transferred to the aforementioned address. The tokens were also routed to exchanges, triggering concerns of a selloff.