According to on-chain analyst Ember, a certain whale/institution has been continuously withdrawing FORM tokens from the Binance exchange in the past three days. In the last 2 hours, another 7,000,000 FORM were withdrawn from Binance, with a daily withdrawal volume stable at 7,000,000. Currently, a total of 21,000,000 FORM have been withdrawn, with a total value of approximately $58.55 million. 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 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 another purpose. [Odaily Planet Daily]

A certain whale withdrew another 7,000,000 FORM from Binance in the last 2 hours.