More than $110 million in BNB purchases from 4 whales after Binance’s announcement

Binance’s announcement of Scroll (SCR) as the new Launchpool project yesterday also mobilised some whales. 4 whales made BNB purchases totalling more than $110 million after the announcement.

More than $110 million in BNB purchases from 4 whales after Binance’s announcement

The Binance exchange, which gives BNB owners the opportunity to earn significant profits with Launchpad and Launchpool, announced the Ethereum 2nd layer network Scroll as the new Launchpool project yesterday. Here are some whales made BNB purchases totalling up to $112 million to use in Launchpool.

According to the information provided by on-chain research and tracking platform Lookonchain, whales made purchases in the form of debt from the platform called Venus:

  • 0x1e7f account 65 thousand units worth $37.3 million,
  • Account 0x5c18 is 52,000 units worth $29.9 million,
  • Account 0xcd40, $22.7 million, 39.5,000 units,
  • The 0x2d87 account also made 39 thousand BNB purchases worth $22.4 million.

As it is known, Binance gives the token of the relevant project to its users who lock FDUSD and BNB on the Launchpool platform as airdrop before the general listing. In Launchpools, the airdrop rate allocated to users who lock BNB is much higher than those who farm FDUSD.

The fact that users can earn serious returns on BNB in Launchpad and Launchpools is one of the factors that keep the BNB price up.

BNB is trading at $582 in the minutes the news was written. The token broke a historical record in June, reaching $720.

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