According to data from Onchain, Amber Group, a cryptocurrency trading firm, moved a portion of its altcoins to the exchange Binance. The transferred altcoins, specifically $4.26 million worth of Frontier (FRONT) tokens, were acquired by Amber Group at a total cost of $2.69 million. If these tokens were indeed sold on Binance, the company would have generated a profit of $1.57 million from the transaction. Besides Binance, FRONT is also listed on other exchanges like OKX, Kucoin, and Binance TR. As of the time of writing, the token is valued at $1.47, showing a 5.76% increase in the last 24 hours and a total market capitalization of approximately $132 million.

On the other hand, despite the recent transfer to Binance, Amber Group still holds a sizable amount of altcoins in its various cryptocurrency wallets. The total value of assets in the company's wallets amounts to $57 million. Ethereum (ETH) constitutes the largest portion with $32 million, followed by ID with $10 million, GAL with $6 million, USDC with $2 million, USDT with $1 million, and DYDX with $900 thousand. Prior to the recent sale, FRONT stood as one of the primary altcoin holdings of the firm.

*Disclaimer: This article does not provide investment advice.