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A whale/institution transferred 12.94 million MATICs to Binance 10 hours ago

According to on-chain analyst Ember, a whale/institution continued to transfer counterfeit products tokens to the exchange 10 hours ago: 12.94 million MATICs ($7.96 million) were transferred to Binance through 2 addresses. These MATICs were bought at an average price of about $0.945 during the 2023/11-2024/2 period, and are now transferred to the exchange at a price of $0.615, which should have generated a loss of $4.27 million (-35%).