According to TechFlow, on-chain analyst Yu Jin monitored that investment institution Arca transferred 9.09 million YGG (about 4.28 million US dollars) to Binance 6 hours ago.

Arca withdrew these YGGs from Binance at an average price of $1.06 in March and April. Now the price of YGG is $0.44, and they are expected to lose $5.41 million (-56%).