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TechFlow reports, according to on-chain analyst Yujin's monitoring, that a whale/institution, after selling 40,000 ETH, may have used part of the proceeds to purchase PHA: 7 hours ago, it received 16.88 million PHA (worth $2.18 million) from FalconX.
The last time it transferred 10,000 ETH into FalconX, it only withdrew 19.49 million USDC afterward. The remaining funds were likely used via FalconX to purchase these 16.88 million PHA.
According to on-chain analyst Yu Jin, after a whale/institution sold 40,000 ETH, it may have used part of the proceeds to purchase PHA: 7 hours ago, it received 16.88 million PHA (worth $2.18 million) from FalconX. The last time it transferred 10,000 ETH into FalconX, it only withdrew 19.49 million USDC afterward. The remaining funds were likely used via FalconX to purchase these 16.88 million PHA.
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