TechFlow reports, according to Spot On Chain monitoring, 13 hours ago a SYN whale transferred 2.37 million SYN to Binance at a price of $0.66 per token, amounting to approximately $1.57 million. If this whale sells, it would realize a profit of $1.1 million from the SYN holdings.
The whale originally purchased 5.27 million SYN for about $3.32 million from Amber OTC at $0.63 per token in late 2022. On March 8, March 11, and again just now, the whale sold a total of $4.42 million worth of SYN at an average price of $0.84. The latest outflow accounts for approximately 5.7% of the trading volume at the time, and SYN's price declined following the transfer.
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