According to The Data Nerd, a wallet potentially belonging to the Layer team deposited 13.1M $LAYER (~$13.03M) into Binance. Prior to this deposit, the wallet received a total of 20M $LAYER, with two associated wallets holding a combined 287.3M $LAYER (~$295.92M). This movement suggests significant activity by the Layer team or associated entities, potentially indicating upcoming market actions or liquidity adjustments.