CoinVoice has recently learned that, according to analyst Yu Jin's monitoring, a certain whale/institution has been continuously withdrawing FORM tokens from the Binance exchange over the past three days, with another 7 million FORM withdrawn from Binance within 2 hours. The daily withdrawal amount remains stable at 7 million, and a total of 21 million FORM has been withdrawn so far, with a total value of approximately 58.55 million USD.

Analysis suggests that, based on the recent trading volume and price trends of FORM on Binance, this batch of tokens may not have been purchased recently, but rather accumulated when the price was lower. It is worth noting that this large-scale withdrawal occurs when the price of $FORM is near its recent high, indicating that this behavior may have other intentions. [Original link]