bnb whale Archives - Coin Engineer https://coinengineer.net/blog/tag/bnb-whale/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 10 Oct 2024 10:19:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png bnb whale Archives - Coin Engineer https://coinengineer.net/blog/tag/bnb-whale/ 32 32 Binance Announcement Pushes 4 Whales to Buy BNB https://coinengineer.net/blog/binance-announcement-pushes-4-whales-to-buy-bnb/ https://coinengineer.net/blog/binance-announcement-pushes-4-whales-to-buy-bnb/#respond Thu, 10 Oct 2024 12:00:45 +0000 https://coinengineer.net/blog/?p=30767 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

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]]> 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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