đ° $110M BNB Buy After Binance Announcement.. Whales In The Field!
Have you heard of whales? Yes, these are the big investors who donât hesitate to seize huge opportunities. After Binance announced its new project Scroll (SCR) on Launchpool, we saw an exciting move by four whales who bought BNB worth over $110 million! đđž
đ What is the new project?
Binance, the platform that makes BNB holders feel like theyâre about to discover a gold mine, has announced the listing of Scroll, the second layer of the Ethereum network, as a new project on Launchpool. This means that Binance users can earn the projectâs tokens simply by locking up BNB or FDUSD. đŒ
But the most brilliant idea? đ€ The profit rate is much higher for BNB vaults compared to those using FDUSD. No wonder the whales decided to rush in!
đ€ Whales in the scene
According to Lookonchain, an on-chain transfer tracking platform, these whales purchased BNB via loans from the Venus platform. Here are the details of the massive purchases:
đł 0x1e7f: Bought 65k BNB worth $37.3M.
đł 0x5c18: Mined 52k BNB worth $29.9M.
đł 0xcd40: Added 39.5k BNB worth $22.7M.
đł 0x2d87: Bought 39k BNB worth $22.4M.
đ Why all the hype around BNB?
Launchpad and Launchpool are huge yield mines where users can make huge profits by locking up their assets. But the most enticing point? It is possible to get the tokens as airdrops before the project is listed. This is why whales are keen to buy BNB to make the most of this opportunity. đ
đ„ BNB price continues to rise
At the time of writing this post, BNB is trading at $582. Letâs not forget that the coin reached its all-time high of $720 in June. Who knows, we might see a new high soon! đ
