COINOTAG reporting via Onchain Lens shows a whale address deposited 4.516 million FTT to Binance, an on‑chain transfer valued at approximately $3.53 million. On exchange records this position now reflects an estimated $4.416 million unrealized loss versus the address’s prior valuation, according to monitored wallet movements.
Chain history indicates the same address withdrew the tokens from Binance between August 22, 2024 and November 25, 2024, a period when the holdings were quoted near $7.95 million. That divergence establishes the address’s cost basis and frames the current negative variance without implying intent to liquidate.
Large exchange inflows of FTT can alter available liquidity and participate in price discovery; market participants and compliance teams typically monitor such deposits for potential shifts in exchange supply dynamics. The on‑chain data provides transparent, verifiable evidence rather than speculative narratives.