Anonymous whale deposits $29.8M in FORM to exchanges

An anonymous whale has transferred 8 million FORM tokens ($29.8 million) to exchanges within the past hour, according to on-chain analyst EmberCN. Of that amount, 5 million FORM were deposited to Binance and 3 million to Gate.io. Such large inflows to exchanges are typically viewed as a signal of potential selling activity. The whale still holds 22.03 million FORM.