TechFlow, July 7 — According to on-chain analyst Yu Jin, a whale/institution has continuously withdrawn FORM tokens from Binance over the past three days. Within the last two hours, another 7 million FORM were withdrawn from Binance, maintaining a steady daily withdrawal volume of 7 million. So far, a total of 21 million FORM have been withdrawn, worth approximately $58.55 million.
Analysis suggests that, based on recent trading volume and price trends of FORM on Binance, these tokens were likely accumulated at lower prices rather than purchased recently. Notably, this large-scale withdrawal occurred when $FORM was near its recent price high, indicating the move may have a specific purpose.
Add to Favorites
Share to Social Media
