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Arca transferred 9.09 million YGG into Binance 6 hours ago and expects to lose $5.41 million

According to on-chain analyst Ember Monitor, 6 hours ago, Arca transferred 9.09 million YGGs (4.28 million USD) to Binance. These YGGs were raised by Arca from Binance at an average price of $1.06 in March-April. Now YGGs are priced at $0.44, and they are expected to lose $5.41 million (-56%).