WOO Network: Earlier, large WOO transfers were made to balance inventory on various chains

According to Twitter, in response to the 15 million WOO large transfers about an hour ago, WOO Network issued an announcement on X stating that because the current Woo adoption rate on the Arbitrum network is relatively high, the purpose of these transfers is to cooperate with Binance to balance WOO inventory on various chains.

According to previous news, Scopescan monitoring showed that the WOO Network address transferred 10 million WOO (about 2.1 million US dollars) to the Cobo Custody address and 5 million WOO (about 1.05 million US dollars) to Binance about 1 hour ago.