This giant whale/institution has withdrawn 7 million $FORM ($19M) from Binance in the past 2 hours.

This is already the third consecutive day it has withdrawn $FORM from Binance: 7 million each day, totaling 21 million $FORM ($58.55M) so far.

However, based on the recent trading volume and price trends of $FORM on Binance, I personally feel that this $FORM was likely not purchased recently.

It is very likely that it was purchased at a lower price previously, and now that the price of $FORM is near a new high, the large withdrawals from the exchange seem to have a less straightforward purpose.

😂