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

Based on the monitoring of on-chain analyst Yu Jin, a whale/institution continued to transfer counterfeit tokens to the exchange 10 hours ago: it transferred 12.94 million MATIC (7.96 million US dollars) to Binance through 2 addresses. These MATIC tokens were bought at an average price of about 0.945 US dollars during the period from November 2023 to February 2024, and now they have been transferred to the exchange at a price of 0.615 US dollars, resulting in a loss of 4.27 million US dollars (-35%).