On July 8, data from EmberCN revealed a significant withdrawal activity involving FORM tokens from Binance. A prominent whale or institutional investor moved approximately 7 million FORM tokens within a two-hour window, representing a value of around $18.85 million. This marks the fourth consecutive day of such withdrawals, with the entity extracting a consistent daily amount of 7 million tokens. Over this period, the total volume withdrawn has reached an estimated 28 million FORM tokens, equating to roughly $77.4 million. These large-scale transfers highlight notable shifts in token custody, potentially impacting liquidity and market dynamics for FORM. Market participants should monitor these movements closely as they may signal strategic repositioning by major holders.
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