TechFlow, July 22 — According to on-chain analyst Yu Jin, the Trend Research address transferred 1.5 million FORM tokens (approximately $5.12 million) into Binance 10 hours ago. They initially withdrew 9 million FORM (worth $19.2 million) from Binance at the end of April when the price was $2.13. Subsequently, they transferred 3 million FORM into Binance at $2.56 at the end of May, 1.5 million FORM at $2.58 at the end of June, and today (end of July), another 1.5 million FORM at $3.41. The average price for these 6 million FORM sold was $2.78, generating an estimated profit of $3.9 million. They currently still hold 3 million FORM (approximately $10.44 million).
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