A major whale withdraws another 7 million FORM from an exchange within 2 hours
2025/07/07 08:53According to Jinse Finance, analyst Yu Jin has observed that a certain whale or institution has been continuously withdrawing FORM tokens from a particular exchange over the past three days. Within just two hours, another 7 million FORM tokens were withdrawn from the same exchange, with daily withdrawals consistently at 7 million tokens. So far, a total of 21 million FORM tokens have been withdrawn, with an estimated total value of approximately $58.55 million. Analysis suggests that, judging from the recent trading volume and price trends of FORM on the exchange, these tokens were likely not purchased recently but rather accumulated when prices were lower. Notably, this large-scale withdrawal occurred when FORM’s price was near a recent high, indicating that there may be another motive behind this action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Ties CPI Relief to $40 Oil, but Brent Trades Over $92
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
Report: Anthropic Plans to Raise Issuance Price, Seeks $1.5 Trillion Valuation, and Aims to Raise Over $100 Billion
Anthropic's IPO roadshow received strong investor demand within less than a day, prompting underwriters to consider raising the offering price to above $78 per share. The company’s valuation is expected to surpass 1.5 trillions USD, with total fundraising likely to exceed 100 billions USD. According to three Anthropic shareholders, the company's main goal is to raise as much capital as possible to support its extensive computing power expenditure plans.
Crypto prices
More
