Whale Transfers Another 3M FORM to Binance After 8M Deposit; FORM Plummets 22% to $3.14

COINOTAG News on August 31 cited on-chain analytics provider Embermonitor, reporting that an institutional whale transferred an additional 3 million FORM (approximately $9.87 million) to Binance about ten minutes before publication; the same wallet had moved 8 million FORM (roughly $29.8 million) to the exchange two days earlier. Concurrently, the FORM spot price declined by 22%, sliding from $4.04 at 4:00 PM to $3.14 at the time of the report. These verified exchange inflows and the documented price movement underscore the importance of monitoring on-chain flows and exchange order-book liquidity when assessing immediate market impact.