Address set holding at least 59% of the circulating supply of NOM transferred 674 million NOM to Binance in the past hour

BlockBeats News, April 10th. According to on-chain analyst Ember Monitor, an address holding at least 59% of the circulating supply of NOM (Nomina) moved 23% of NOM's circulation supply (674 million NOM, worth $3.94 million) to Binance in the past 1 hour. The price of NOM dropped 25% today.

This address, likely the same entity that drove a 6x increase in $NOM over the past two weeks (from $0.0017 to $0.0126), withdrew 1.72 billion NOM from Binance across 7 wallets on April 1st, constituting 59% of the NOM circulating supply (2.9 billion).