Around an hour ago, a major whale or institutional entity holding nearly 59% of the circulating supply of $NOM moved its remaining 278 million tokens (worth about $1.24 million) to Binance.

This follows a larger trend, as the same entity has now fully redeposited all 1.72 billion NOM—originally withdrawn from Binance on April 1 across 7 wallets—back to the exchange within roughly the last 36 hours.

Since these transfers began, NOM has faced strong selling pressure, with its price falling from $0.007 to $0.004, representing a drop of approximately 45%.