In July, a whale/institutional investor holding 30.03 million FORM tokens transferred 8 million tokens to a CEX in less than 1 hour, realizing a total unrealized gain of $28.82 million.

BlockBeats News, August 29th, according to Cinder Monitor, this whale/institution accumulated a total of 30.03 million FORM (82.82 million) at an average price of $2.76 in early July.

Today, nearly two months later, they started moving to CEX: in the past 1 hour, they transferred 8 million FORM (29.80 million USD) to CEX, with 5 million going to Binance and 3 million to Gate.

The current FORM price has now reached $3.72. The 30.03 million FORM they accumulated in early July has already made a profit of 28.82 million USD. There are still 22.03 million FORM (79.75 million USD) in their address.