Three wallets (one entity), 0x64e, 0x450, and 0xdd1, just deposited 7.57M FRONT ($4.61M) to Binance via the same Binance deposit address:

• address 1: 0x64ec72c0082463c5305003c56ddae591b344a8a1
• address 2: 0x450fdd0c673fabb8d44dde32e9641521f0617e41
• address 3: 0xdd1538653e2d206597fdb22c9100b04cb473a858

Notably, these wallets belong to an entity of various wallets that still has 5.66M FRONT ($4.62M) left and an estimated total loss of $2.62M (-12.9%) from the token:

• withdrew 18.09M FRONT from OKX, Gate.io, and Binance at an average price of $1.117 (estimated cost: $20.2M) between November 22, 2023, and June 25, 2024;
• has so far deposited 12.44M FRONT back to the CEXs at an average price of $1.044 ($12.99M) since December 29, 2023.
• FRONT-holding address 1: 0x391648d98e4cc41440b4f86d9cce03ce31796818 holds 3.16M FRONT ($2.58M)
• FRONT-holding address 2: 0xf0cff9888499757076fe941af52888bc43550357 holds 2.5M FRONT ($2.04M)

 

The FRONT price dropped after the wallets' deposits but mostly in tandem with the broad market.

Fig 1. The overall FRONT trading history of the entity.