The post Whales Trade 195,500 BNB Ahead of Scroll (SCR) Listing on Binance Launchpool appeared on BitcoinEthereumNews.com.

On October 9, COINOTAG highlighted significant activity in the cryptocurrency market following Binance’s announcement to list Scroll (SCR) on its Launchpool. According to insights from Lookonchain, four major whale addresses engaged in strategic borrowing, acquiring a total of 195,500 BNB, valued at approximately $112.4 million, from the lending platform Venus. This substantial capital influx was subsequently deposited in Binance, positioning these whales to actively participate in mining operations associated with the newly listed token. Such movements reflect the growing trend of institutional engagement in the crypto ecosystem, underscoring the importance of liquidity and market dynamics. Investors should monitor these developments closely, as they may influence market trends and token performance in the upcoming weeks. Source: https://en.coinotag.com/breakingnews/whales-trade-195500-bnb-ahead-of-scroll-scr-listing-on-binance-launchpool/

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Filed under: News - @ October 9, 2024 3:27 am