According to on-chain analyst Yu Jin, investment firm Arca transferred 1.9 million IMX (approximately $1.08 million) and 193,000 LDO (approximately $310,000) to Binance 8 hours ago. On March 10th, Arca withdrew 3.4 million IMX from Binance at a price of $0.936 and transferred 1.5 million IMX to Binance when IMX rose to $1.44 on March 20th, expecting a profit of $750,000. In addition, 1.9 million IMX was transferred to Binance 8 hours ago, expecting a loss of $700,000. The overall profit from all transactions is expected to be $50,000.
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