A whale transferred 1,067,930 SNX to Binance and sold them about 4 hours ago, with an estimated loss of $300,000

PANews reported on July 21 that on-chain analyst Ember monitored that a whale transferred 1,067,930 SNX (US$2.1 million) to Binance 4 hours ago and sold it, causing the SNX price to fall by 7.4%. These SNX were withdrawn from Binance at an average price of $2.173 between January 31, 2023 and July 12, 2023. All of them were transferred to Binance today and sold at a price of $1.891. This SNX investment resulted in a loss of $300,000 (-13%).