Saltık 
Following Binance’s announcement of Scroll (SCR) as its new Launchpool project, four major crypto investors, or “whales,” have purchased a combined total of more than $110 million in Binance Coin (BNB). This move is specifically aimed at taking advantage of the earning opportunities provided by Binance’s Launchpad and Launchpool projects.
According to on-chain research platform Lookonchain, these whales borrowed money from a platform called Venus to buy BNB:
- Address 0x1e7f: 65,000 BNB for $37.3 million
- Address 0x5c18: 52,000 BNB for $29.9 million
- Address 0xcd40: 39.5,000 BNB for $22.7 million
- Address 0x2d87: 39,000 BNB for $22.4 million
These purchases are linked to Binance’s strategy to benefit from projects on the Launchpool platform where users are rewarded with airdrops by locking BNB. Those who lock BNB have a higher chance of receiving airdrops than those who farm FDUSD. This is one of the main factors that keeps the price of BNB high.
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At the time of writing, BNB was trading at $582. The token reached a historic peak in June 2023, reaching $720.
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