Whale 0x398 (likely an investor) just deposited 3.65M BICO ($1.91M) to Binance at $0.523:

• transaction: 0xed2ed220a47407c5af09580feed330c6a00819c37e733265ef0e5d5fadde487d
• address: 0x39828e6e2bee6ec2b6f0c0d732654b6cabcc4531

Notably:

• The whale received 18.07M BICO from the "Biconomy: Vesting" contract at an average price of $1.89 (then $34.08M) between December 2, 2021, and March 15, 2024.
• The whale tended not to hold BICO for a long time after vesting, and managed to deposit the vested tokens to Binance at only $0.858 on average ($15.5M), suffering from a huge drop in BICO holding value.
• This implies that the BICO price frequently dropped steeply post-vesting.

The BICO price dropped 11.12% in the past 24 hours.

Fig 1. Whale 0x398 (likely an investor) deposited all the 18.07M vested BICO ($15.5M) to Binance, not long after vesting.

Fig 2. Whale 0x398 (likely an investor)'s overall BICO fund movements.