A group of addresses holding at least 59% of the circulating supply of NOM transferred approximately 674 million NOM to Binance in the past hour.

CoinFeed reported on April 10th that, according to Ember, a group of addresses holding at least 59% of the circulating supply of NOM (Nomina) transferred approximately 674 million NOM to Binance in the past hour, equivalent to about $3.94 million, or 23% of the circulating supply. The price of NOM fell by about 25% that day. This group of addresses is suspected of being the manipulators who pushed the price of NOM from $0.0017 to $0.0126 in the past two weeks, an increase of about six times. On April 1st, they withdrew approximately 1.72 billion NOM from Binance through seven wallets, representing about 59% of the then-circulating supply of 2.9 billion NOM.