Major Whale Sells All of Their FORM Tokens, Driving Price Down 10%

A significant cryptocurrency whale executed a substantial sale of Four (FORM) tokens on the Binance exchange, leading to a notable price decline. The whale first transferred a substantial amount of FORM tokens to Binance, totaling around $8.36 million worth of tokens, followed by an immediate drop of approximately 4% in the FORM price from $2.09 to $2. This move marked a significant shift in the whale’s holdings as they emptied their entire position of FORM tokens after previously accumulating a total of $18.5 million worth during a week-long buying spree within March, which resulted in their FORM balance dropping to approximately $10.77 million, or 5.3 million tokens. The transfer sent shockwaves through the market as the price fell further, now trading at $1.88, with a significant 10% drop within the past 24 hours. The whale’s actions significantly impacted the FORM price, causing concern in the crypto community.