According to on-chain analyst Ember Monitoring, the whale/institution that hoarded LAYER at $0.75 a month ago transferred 8.70 million LAYER ($11.14 million) to Binance at $1.26 20 minutes ago, making a profit of $4.63 million. This 8.70 million LAYER was raised from Binance a month ago, when the price of $LAYER was 0.75 dollars, worth 6.51 million dollars, all transferred to Binance 20 minutes ago, now the price of $LAYER is 1.26 dollars, worth 11.14 million dollars, profit 4.63 million dollars.