On July 7th, according to analyst Ember Monitoring, a certain whale/institution has been continuously withdrawing FORM tokens from Binance exchange in the past three days. It withdrew another 7,000,000 FORM from Binance within 2 hours, with a daily withdrawal volume stable at 7,000,000. Currently, it has cumulatively withdrawn 21,000,000 FORM, with a total value of approximately $58,550,000.

Analysis suggests that, based on the recent trading volume and price trend of FORM on Binance, these tokens may not have been purchased recently, but rather accumulated chips at a lower price. It is worth noting that this large-scale withdrawal occurred when the $FORM price was near its recent high, suggesting that this behavior may have other purposes. [Deep Tide TechFlow]

A whale withdrew another 7,000,000 FORM from Binance within 2 hours