A whale withdrew another 7 million FORM from Binance in the past 2 hours

Odaily News According to the monitoring of on-chain analyst Yu Jin, a whale/institution has been withdrawing FORM tokens from Binance Exchange over the past three days, and withdrawing another 7 million FORM from Binance within 2 hours. The daily withdrawal volume is stable at 7 million. So far, a total of 21 million FORM has been withdrawn, with a total value of approximately US$58.55 million. Analysts believe that judging from the recent trading volume and price trend of FORM on Binance, this batch of tokens may not be purchased recently, but rather accumulated chips when the price was lower. It is worth noting that this large-scale withdrawal occurred near the recent high of $FORM, suggesting that this behavior may have other purposes.