A significant whale or institutional entity has withdrawn 28 million FORM tokens valued at approximately $77.4 million from Binance exchange accumulatively. The latest movement included a withdrawal of 7 million FORM tokens (worth $18.85 million) transacted within a two-hour timeframe.
This substantial token transfer signals potential shifts in custody dynamics and may impact FORM token liquidity and market behavior. Observers noted that such large-scale movements typically indicate strategic repositioning by major holders and warrant close market monitoring.
Industry analysts emphasize tracking these transfers as indicators of whale sentiment shifts that could influence FORM’s price volatility and trading patterns. The withdrawals reflect heightened activity among large-scale token holders adapting to evolving market conditions.