As a new cryptocurrency on the Launchpool platform of the giant cryptocurrency exchange Binance ScrollA big whale made a remarkable move after listing (SCR). According to data tracked by Scopescan, the cryptocurrency whale borrowed approximately 26.3 thousand BNB (approximately $15 million) from the decentralized finance protocol Venus on October 10 and then deposited this amount to Binance. This high amount of borrowing attracted the attention of the cryptocurrency world and caused various speculations.
Investor Borrowed with High Interest Rate
This large borrowing transaction from the Venus protocol attracted attention due to the attractive interest rates in the protocol. Right now Venus While the annual supply interest rate for FDUSD on the protocol is 63 percent, BNB For this reason, this rate is determined as 32 percent.
While high interest rates encourage users to deposit more assets into the protocol, they also increase borrowing transactions.
Investor Interest in Binance Launchpool Increases
BinanceLaunchpool, which was created to support new projects, is very popular among cryptocurrency investors. Finally, the listing of Scroll (SCR) on the platform caused this interest to increase even more.
Especially large investors, in other words cryptocurrency whales, seem to be making such remarkable moves in the hope of making more profit from newly listed cryptocurrencies. Some market observers say such large investments SCR coinHe states that they see it as a vote of confidence for the future of .
This activity on Binance Launchpool and high interest rates on the Venus protocol continue to lead to remarkable developments in the cryptocurrency market. Scroll (SCR) Launchpool It is a matter of great curiosity how the price will move after it is listed on Binance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
