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.
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Source: https://en.coinotag.com/breakingnews/whale-transfers-another-3m-form-to-binance-after-8m-deposit-form-plummets-22-to-3-14/