Movement repurchase address proposes 45 million MOVEs from Binance, equivalent to approximately 7.85 million US dollars

According to BlockBeats, on July 1st, according to Onchain Lens monitoring, the Movement repurchase address proposed 45 million MOVEs from Binance, equivalent to approximately 7.85 million US dollars. The wallet currently holds 168 million MOVEs with a total value of approximately $28.07 million, but has incurred a floating loss of approximately $7.77 million.