According to Spot On Chain monitoring, the wallet (address starting with 0x3a2) that sold PROM to DWF Labs co-founder Andrei Grachev has withdrawn 112,000 PROMs (US$1.12 million) from Binance at an average price of US$9.95 in the past 18 hours. The wallet's previous activities are as follows:
• Withdrawing 529,000 PROMs from Binance at an average price of US$4.86 (US$257,000) in December 2023;
• Sending tokens to wallet 0x3d1, selling 49,965 PROMs to Grachev for US$500,000 at an average price of about US$10 in February 2024, after which the coin price soared by about 75%.