On November 1st, WOO Network released a statement regarding a large transfer of 15 million WOO tokens that occurred about an hour ago. The transfer was made to balance the WOO inventory on various chains in collaboration with Binance, as the adoption rate of WOO on the Arbitrum network is currently higher. Earlier reports showed that WOO Network had transferred 10 million WOO tokens (equivalent to about 2.1 million US dollars) to a Cobo Custody address and 5 million WOO tokens (equivalent to about 1.05 million US dollars) to Binance.
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WOO Network: The earlier large WOO transfer was to balance the inventory on each chain
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