PANews reported on July 22 that according to monitoring by on-chain analyst Ember, the Trend Research address transferred 1.5 million FORM (approximately US$5.12 million) to Binance 10 hours ago.

• They withdrew 9 million FORM (US$19.2 million) from Binance at the end of April, when the price was US$2.13.
• Then, 3 million coins were transferred to Binance at a price of US$2.56 at the end of May, 1.5 million coins were transferred to Binance at a price of US$2.58 at the end of June, and 1.5 million coins were transferred to Binance at a price of US$3.41 at the end of July (today).

The average price of the 6 million FORM transferred out was $2.78, with an estimated profit of $3.9 million. They currently hold 3 million FORM (about $10.44 million).