According to a recent report by COINOTAG, a significant transaction was observed on December 12. The data analytics firm, The Data Nerd, highlighted that a whale address executed the withdrawal of approximately 2.584 million AGLD, valued at around $3.51 million, from the Binance exchange just two hours prior. This substantial movement represents nearly 3.34% of the total AGLD supply, which holds a current market valuation of $105 million.
Noteworthy is the fact that five months earlier, this same address acquired the 2.584 million AGLD tokens for about $2.18 million. Subsequently, the tokens were liquidated at a price point of $3.8 million, translating to a realized profit of $1.61 million—equating to an impressive 42.5% return on investment. Such trades underscore the strategic maneuvers often employed by large holders in the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/whale-withdraws-2-584-million-agld-from-binance-amidst-strategic-profit-taking/