Whales Queue for Altcoin to be Listed on Binance: They Buried $112 Million!

The altcoin chosen by Binance, the world’s largest cryptocurrency exchange, for its latest launchpool project has attracted great interest from the first day.

According to data provided by on-chain analysis platform Lookonchain, whales have shown great interest in Scroll ($SCR ).

After Binance announced on October 8 that it had chosen Scroll as its 60th launchpool project, whales took action by borrowing 195,500 $BNB , worth $112 million, through the DeFi platform Venus and depositing all of it into Binance.

This transaction, which was carried out by 4 different whales in total, will help whales strengthen their hands in the farming process on Binance and earn more SCR tokens.

Each of these 4 whales has borrowed an average of $25-30 million in $BNB . The Scroll team announced in a post on October 8 that they will airdrop 15% of the total supply to early users.