Arca has transferred 9.09 million YGG to CEX, expecting a loss of 5.41 million US dollars

According to on-chain analyst Yu Jin, six hours ago, Arca transferred 9.09 million YGG (worth $4.28 million) into CEX. These YGG were withdrawn from CEX by Arca between March and April at an average price of $1.06 per coin. Now the price of YGG is $0.44, it is expected that they will lose $5.41 million (-56%).