TechFlow News: On April 10, blockchain analyst Yu Jin (@EmberCN) observed that an address set holding at least 59% of NOM (Nomina)’s circulating supply transferred 23% of the token’s circulating supply—674 million NOM tokens worth $3.94 million—into Binance over the past hour. As a result, NOM’s price dropped 25% today. This address set is likely the same entity responsible for driving NOM’s price up sixfold (from $0.0017 to $0.0126) over the past half-month. On April 1, it withdrew 1.72 billion NOM tokens from Binance across seven wallets—representing 59% of NOM’s total circulating supply (2.9 billion tokens).
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