Odaily News According to on-chain analyst Ember’s monitoring, a whale/institution may have used part of the funds to purchase PHA after selling 40,000 ETH: 16.88 million PHA (worth $2.18 million) were received from FalconX 7 hours ago.
Last time, he transferred 10,000 ETH to FalconX, and later only withdrew 19.49 million USDC from FalconX. The remaining funds may have been used to purchase the 16.88 million PHAs through FalconX.