• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: The Cryptocurrency World is Talking About the $34.31 Million BNB Transaction! All of It Was Borrowed!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Altcoin News > The Cryptocurrency World is Talking About the $34.31 Million BNB Transaction! All of It Was Borrowed!
Altcoin News

The Cryptocurrency World is Talking About the $34.31 Million BNB Transaction! All of It Was Borrowed!

vitalclick
Last updated: September 16, 2024 2:18 pm
8 months ago
Share
SHARE

A large and important BNB transaction recently became a hot topic in the crypto world. Leading data analysis platform The Data Nerdreported about three hours ago that a whale wallet starting with 0x1E7… borrowed 62,000 BNB (approximately $34.31 million) from the Venus protocol and then deposited all of the BNB to the cryptocurrency exchange Binance

Whale Looks Like He’s Planning to Join Launchpool Projects$276.29 Million Worth of BNB Flowed to Binance in 24 Hours

Whale Looks Like He’s Planning to Join Launchpool Projects

This is not the first time that a large transaction of 62 thousand BNB has caused volatility in the market. Binance‘s BNB is widely used in similar ways in the cryptocurrency market.

This large-scale borrowing from the Venus protocol shows the whale’s confidence in the future development of BNB. BNBThe fact that all of the was deposited into Binance suggests that the whale is focused on generating more income through Launchpool projects.

Launchpool is a pledge service provided by Binance that allows users to deposit coins like BNB to receive token rewards for new projects. This approach not only provides users with income opportunities, but also funds and exposure to new projects. On the other hand, with this large deposit detected, it seems that the whale aims to obtain early investment opportunities for new projects through Launchpool, thus achieving a higher return on investment.

$276.29 Million Worth of BNB Flowed to Binance in 24 Hours

Additionally, data from The Data Nerd shows that a total of 511,600 BNB worth approximately $276.29 million were deposited into Binance in the last 24 hours, indicating a strong interest in Binance’s Launchpool projects.

On the other hand, the data reflects that extremely high liquidity was achieved in BNB in ​​a short period of time and reveals that the market continues to trust the Binace ecosystem. Especially in large-scale money inflows made to participate in Launchpools, the intention is not to sell BNB. $0.480476“u-exploded-the-bomb-with-a-new-partnership-how-it-affected-chz-price”> may have a positive effect for altcoin.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

For XRP Coin, each analyst gave different goals, how many dollars are their predictions?

After Bitcoin and Ethereum? The expected application for this Altcoin has arrived!

Will Altcoin Season Begin in September? Remarkable Statements from Famous Analyst

3 Important Reasons for the Increase in XRP Price in November

Critical formation was broken in Dogecoin! How high is the target?

TAGGED:Altcoin
Share This Article
Facebook Twitter Email Print
Previous Article Can Bulls Hit $63K Amid Rate Cut Hopes?
Next Article Altcoins To Stack Before The Impending ‘Bitcoin Pump’: Analyst Says ‘Be Prepared’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?