FORM’s price surge reversed after a whale, reportedly IOSG Ventures, deposited 35.6 million tokens worth $46.23 million to exchanges, triggering a 15% decline.
FORM initially rose by 50% before a major whale, possibly linked to IOSG Ventures, transferred 35.6 million FORM—valued at approximately $46.23 million—to centralized exchanges over two days. Following these large deposits, the token’s price dropped by 15%, indicating potential profit-taking and market pressure after the surge.