Regarding the large transfer of 15 million WOO about an hour ago, WOO Network issued an announcement on X, saying that because the current adoption rate of WOO on the Arbitrum network is relatively higher, the above transfer is to cooperate with Binance to balance the WOO inventory on each chain.
According to previous news, Scopescan monitoring showed that the WOO Network address transferred 10 million WOO (about 2.1 million US dollars) to the Cobo Custody address about 1 hour ago, and another 5 million WOO (about 1.05 million US dollars) to Binance.
