According to Crypto Onchain data, a large crypto whale has transferred a large number of Altcoins into today’s binance exchange.
Whale Wallet first transferred $8.36 million worth of tokens to exchange $4 million (form) tokens to the deposit address. After this transfer, the price of the form dropped by about 4%, with Altcoin dropping from $2.09 to $2.
The Crypto whale purchased about $9 million worth of tokens from Crypto Exchange Binance, worth about $18.5 million, for $18.5 million worth of its tokens worth about $18.5 million. Following this move, the total form balance for whale wallets fell to $10.77 million, or 5.3 million tokens.
At the last minute, this big whale moved all the remaining tokens to Binance, leaving the form tokens left in the crypto wallet without any remaining tokens left.
The sale of these wallets also affected the prices. The form price was trading at $1.88 at the time of writing, losing 10% in the last 24 hours.
A 24-hour Coin Market Cap chart showing a decline in the form price.
*This is not investment advice.
