Whales/institutions controlling 59% of the circulating supply of NOM transferred their last remaining 278 million NOM tokens to Binance.

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According to TechFlow TechFlow, on April 12, according to on-chain analyst Yu Jin, one hour ago, a whale/institution controlling 59% of the circulating supply of NOM transferred the last 278 million NOM (US$1.24 million) it held on-chain to Binance.

Thus, all 1.72 billion NOM (59% of the circulating supply) that they withdrew from Binance through 7 wallets on April 1st have been transferred to Binance in the past day and a half.

Since they started transferring NOM to Binance, the price of NOM has fallen from $0.007 to $0.004, a drop of 45%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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