PANews reported on August 29th that on-chain analyst Yu Jin reported that a certain whale/institutional entity amassed a total of 30.03 million FORM (worth $82.82 million USD) in early July at an average price of $2.76. Nearly two months later, they began transferring these funds to exchanges: 8 million FORM (worth $29.8 million USD) were transferred to exchanges in the past hour, including 5 million to Binance and 3 million to Gate. With the current FORM price at $3.72 USD, the 30.03 million FORM accumulated in early July has generated a profit of $28.82 million USD. The address currently holds 22.03 million FORM (worth $79.75 million USD).