Amber Group, a prominent cryptocurrency trading company, has made a significant move by transferring a substantial amount of Frontier (FRONT) altcoins to Binance. According to Onchain data, the company transferred $4.26 million worth of FRONT tokens, which it had purchased for $2.69 million. This transaction resulted in a profit of $1.57 million for Amber Group if the tokens were indeed sold.

FRONT is traded on several cryptocurrency exchanges, including Binance, OKX, Kucoin, and Binance TR. At the time of writing, the token's value has increased by 5.76% in the last 24 hours, with a total market value of approximately $132 million. Despite this, Amber Group still holds a substantial amount of altcoins in its known cryptocurrency wallets, with a total asset value of $57 million.

The majority of these assets, valued at $32 million, are in Ethereum (ETH). The company also holds significant amounts of ID ($10 million), GAL ($6 million), USDC ($2 million), USDT ($1 million), and DYDX ($900,000). This move by Amber Group has sparked interest in the cryptocurrency community, with many wondering about the motivations behind the sudden shift in their altcoin holdings.