According to monitoring by online data analyst Ember, a whale/institutional address transferred 12.94 million MATIC (about 7.96 million USD) to Binance through 2 addresses 10 hours ago.

It is known that these MATICs were purchased at an average price of around 0.945 USD between November 2023 and February 2024. They are currently transferred to the exchange at a price of 0.615 USD US dollars, should have generated US$4.27 million (-35%) of losses.

Detail:

According to monitoring by online data analyst Ember, a whale/institutional address transferred 12.94 million MATIC (about 7.96 million USD) to Binance through 2 addresses 10 hours ago.

It is known that these MATICs were purchased at an average price of around 0.945 USD between November 2023 and February 2024. They are currently transferred to the exchange at a price of 0.615 USD US dollars, should have generated US$4.27 million (-35%) of losses.

Detail: https://x.com/EmberCN/status/1801442291976184266