Four (FORM) appears bullish as large investors have started acquiring the asset, possibly suggesting an imminent rally. Today, crypto analyst Onchain Lens shared data on X, indicating that a whale has withdrawn massive amounts of FORM tokens from an exchange.
Whale buys 1 million FORM
According to the data, the whale created a new wallet and withdrew 1 million FORM tokens (worth $2.36 million) from Binance. This activity has grabbed the curiosity of crypto market participants. The action signals robust confidence in Four’s future growth, as large investors often target assets they believe their values could surge up to 10 times or even 30 times by the end of 2025.
Such an action executed by a whale often signals confidence in an asset. When a big investor starts accumulating, it may signal that the FORM market is preparing itself for a potential move upward. Although nobody can predict the market with surety, most investors follow whales’ activity as part of their strategy.
Four price updates
Despite its recent rebranding, today FORM is down 8.2% over the past 24 hours, which is not strange following post-rebranding due to short-term profit-taking.
Four (FORM), formerly BinaryX, is experiencing a growing investor interest following its rebrand from BinaryX. Late last month, BinaryX, the company powering the Four.meme trading platform, rebranded its business name to “Four” as a strategic effort to revamp its business and adopt a clear image that represents its brand. The rebrand ignited investor attention, with substantial acquisitions from whales and savvy investors pushing its price actions.
Over the past week, Four has witnessed a surge in its price by over 57%, bringing its present value to $2.31. This happens after a significant 122% uptick over the past two weeks, arousing confidence among investors and traders about the asset’s potential growth.
One of the interesting catalysts behind FORM’s recent price movement is the increase in large transactions. Whales have been expanding their holdings in the asset during recent days. This increase signals an enthusiastic sentiment among large investors, highlighting their long-term optimism in the token’s prospects.
