what's Formation?
Formation is a decentralized fog compute network designed for global-scale operations, positioned between traditional cloud computing and edge devices to enable low-latency, distributed processing. Powered by crypto-economic incentives, it leverages blockchain technology to coordinate a network of nodes, providing compute resources closer to data sources for applications requiring real-time performance, such as IoT, AI inference, and streaming services.
Platform generates $4.2M daily revenue despite whale selling pressure that moved 11M tokens to exchanges and triggered significant price decline.
Links
x.com/formthefogPowers StratusWorld's $100k OpenClaw hackathon, described as the "First World Model built for Agents"
Whale transfers additional 3M tokens ($9.87M) to Binance while price drops 22% to $3.14
Whale moves 8M tokens ($29.8M) to exchanges: 5M to Binance, 3M to Gate. Still holds 22.03M tokens.
Major whale withdraws 7.03M tokens ($19.82M) from Binance to on-chain address within 30 minutes
$FORM token shows 634.7% YTD gain, ranking among top performers with >500m market cap