Two wallets that had previously received tokens from the Fetch Foundation deposited 1.47 million FET into CEX in nearly 13 hours
PANews reported on May 8th, according to Spot On Chain monitoring, wallets linked to Fetch.ai deposited FET into Binance after a large-scale minting. In the past 13 hours, two wallets that received tokens from the Fetch Foundation, 0x633 and 0xbb0, have deposited 1.47 million FET (approximately $3.59 million) into Binance.
It's worth noting:
① The Fetch Foundation minted approximately 1.48 billion FET (about $2.96 billion) five days ago to support the ASI token exchange mechanism, bringing the new total supply to about 2.63 billion FET.
② Over the past month, these two wallets have deposited about 4.9 million FET (approximately $11 million) into Binance at an approximate price of $2.26 per coin - usually before a price drop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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