A Crypto Whale Used His Bitcoin and ETH to Borrow This Altcoin!

The decisions taken by major investors in the cryptocurrency industry can deeply affect the price movements of other crypto assets. Small cryptocurrency investors closely follow the moves of large investors in uncertain times like recent ones.

Ember, a successful on-chain data provider, recently discovered a whale borrowing #BNB loaded with Bitcoins and Ethereums and provided the following information:

“The giant cryptocurrency whale withdrew 8,400 #ETH (worth $31.86 million) and 360 #BTC (worth $24.54 million) from Binance in the last 2 hours and deposited these assets to Venus.

Balina then used these assets as collateral and borrowed 58,000 BNB ($34.45 million) from Venus and transferred all of the BNB to Binance.”

Following the moves of this crypto whale, market experts claimed that #Binance would soon share a new launch pool announcement.

Although the new crypto asset to be added to Binance Launchpool is currently unknown, it seems likely that this project will be Data Ownership Protocol (DOP), which recently moved to the mainnet and announced that it will debut in June.
$BTC $ETH $BNB