Mars Finance News reports that blockchain analyst Yu Jin has identified a significant withdrawal pattern involving FORM tokens from the Binance exchange. Over the last three days, a whale or institutional investor has systematically extracted approximately 7 million FORM tokens daily, totaling around 21 million tokens within a 48-hour window. This volume equates to an estimated $58.55 million based on current market valuations. Market analysis indicates these tokens were likely accumulated at lower price points, given FORM’s recent trading volumes and price behavior on Binance. The timing of these withdrawals, coinciding with FORM’s recent price highs, suggests strategic repositioning rather than routine trading activity, underscoring potential shifts in market dynamics or portfolio management strategies.
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