Frax Finance is scheduled to undergo its halving on December 20. This involves a 50% reduction in the emissions of FXS on that date, and it seems that a large whale has been strategically positioning itself in anticipation of this event Two institutional investors have made investments in FXS One address, in particular, linked to the crypto trading firm Amber Group, has acquired a substantial position in $FXS since November 16, accumulating a total of 712,659.499 FXS, valued at $6,094,471 at the time of writing. This address made its most recent purchases on December 5 and December 6, adding 200,000 FXS to its portfolio. Another large wallet to monitor for FXS holders is the custody wallet of DragonFly Capital, which currently contains 1.1 million FXS, valued at $9.43 million. DragonFly Capital transferred their FXS to this BitGo wallet four days ago, although the reasoning behind it remains unclear.