en.bitcoinsistemi.com
According to crypto onchain data, a large crypto whale transferred a large amount of altcoins to the Binance exchange today.
The whale wallet first transferred 4 million Four ($FORM) tokens worth $8.36 million to the exchange deposit address. Following this transfer, there was a decrease of approximately 4% in the price of $FORM, with the altcoin dropping from $2.09 to $2.
This crypto whale purchased approximately 9 million $FORM tokens worth $18.5 million from crypto exchange Binance for an average price of $1.97 during a one-week period in March. Following this move, the whale wallet’s total $FORM balance dropped to $10.77 million, or 5.3 million tokens.
At the last minute, this big whale transferred all of his remaining tokens to Binance, leaving the whale with no $FORM tokens left in his crypto wallet after his purchase in March.
These sales of the wallet also had an impact on the price. $FORM price is trading at $1.88 at the time of writing and has lost 10% in the last 24 hours.
*This is not investment advice.