Recently, the Amber Group, a cryptocurrency trading firm, made waves by transferring a large number of its altcoins to Binance, according to Onchain data.

Records indicate that the company moved $4.26 million worth of Frontier (FRONT) tokens to Binance. Amber Group initially bought these tokens for $2.69 million, meaning they gained $1.57 million if they sold the tokens at the transfer price.

Besides Binance, FRONT tokens are traded on other exchanges like OKX, Kucoin, and Binance TR. At the time of this report, FRONT is valued at $1.47, reflecting a 5.76% increase in the past 24 hours, with a total market capitalization of about $132 million.

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Despite this significant move, Amber Group still holds a considerable amount of altcoins in its known crypto wallets. The firm’s total cryptocurrency assets are valued at $57 million, with the majority being $32 million in Ethereum (ETH). Other holdings include $10 million in ID, $6 million in GAL, $2 million in USDC, $1 million in USDT, and $900,000 in DYDX.

Before this sale, FRONT was among the company's largest altcoin assets.

Amber Group’s strategic sale of FRONT tokens illustrates the dynamic nature of the cryptocurrency market, where timely decisions can result in substantial gains.