Binance announced its 60th Launchpool project yesterday and stated that it is Scroll (SCR).

As users begin to join Launchpool, whales have sprung into action, buying more than $110 million worth of BNB following the announcement.

Whales Rushed to BNB!

According to Lookonchain’s post, 4 whales took action immediately after Binance’s announcement and purchased a total of $112.4 million worth of BNB to use in Launchpool.

“After Binance announced Scroll (SCR) as its new Launchpool project, 4 whales borrowed 195,500 BNB (worth $112.4 million) from Venus and deposited it into Binance to join Launchpool.

0x1e7f- Borrowed 65K BNB (worth $37.34 million). 0x5c18- Borrowed 52K BNB (worth $29.9 million). 0xcd40- Borrowed 39.5K BNB (worth $22.7 million). 0x2d87- Borrowed 39K BNB (worth $22.4 million).

Users who lock FDUSD and BNB in Binance’s Launchpool projects receive an airdrop of the listed altcoin. The more BNB or FDUSD is locked, the more altcoins they have the chance to earn.

BNB, where whales are concentrated, continues to be traded at $583 with a 2% increase in the last 24 hours.

After #Binance announced #Scroll($SCR) on Binance Launchpool, 4 whales borrowed 195,500 $BNB($112.4M) from #Venus and deposited it to #Binance to participate in farming.

0x1e7f borrowed 65K $BNB($37.34M).
0x5c18 borrowed 52K $BNB($29.9M).
0xcd40 borrowed 39.5K $BNB($22.7M).… pic.twitter.com/bdtLdqYV5C

— Lookonchain (@lookonchain) October 9, 2024

*This is not investment advice.



Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version