115 million FF coins were transferred out of the custodial wallet, with some flowing into the exchange

On chain analyst Yu Jin monitored that from 2am to 3am, FF prices rose 137% from $0.072 to $0.171. At 3:30 am, 115 million FF (worth 15.81 million US dollars) were transferred from the BitGo custodial wallet, of which 68.51 million FF (worth 8.32 million US dollars) flowed into Binance and Bybit. At present, the FF price has fallen back to 0.1 US dollars.