According to Spot On Chain, in the past 13 hours, wallet addresses 0x633 and 0xbb0 deposited 1.47 million FET (about $3.59 million) to Binance after obtaining tokens from the Fetch.ai Foundation.
It is worth noting that the Fetch Foundation minted 1.48 billion FET (about $2.96 billion) 5 days ago to support the ASI token redemption mechanism, bringing the new total supply to 2.63 billion FET. In the past month, these two wallets deposited 4.9 million FET (about $11 million) to Binance at an average price of about $2.26, usually before the price of the currency fell.