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- A transaction involving 44,000 Binance Coin has been recorded.
- BNB has experienced a bullish trend with a 4.31% price increase over the past 24 hours.
In the wake of the discovery of SHIB’s largest whale, another significant whale transaction has been reported today. A notable whale has borrowed Binance Coin (BNB) from Venus, a decentralized finance (DeFi) lending platform.
A whale borrowed 44,000 $BNB ($10.88M) from #Venus and deposited to #Binance 4 hrs ago due to the announcement of Maverick Protocol ( $MAV) on #Binance Launchpool.https://t.co/5geBegERJW pic.twitter.com/IBilyheSHG
— Lookonchain (@lookonchain) June 14, 2023
Subsequently, the same whale transferred the borrowed BNB to Binance shortly after the announcement of the Maverick Protocol. This deposit occurred following the launch of the Maverick Protocol (MAV) on the Binance launchpool.
As a result, the whale executed two consecutive deposits on Binance. According to reports from Lookonchain, 44,000 Binance Coin valued at $10.88 million was borrowed from Venus with minimal gas fees.
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The initial deposit to Binance consisted of 31,500 BNB, valued at $7,739,550, with gas fees of $0.02. Another deposit to Binance comprised 12,500 BNB worth $3,071,250, incurring the same gas fees as the previous transaction.
Price Analysis of Binance Coin
As per CoinMarketCap, the price of Binance Coin (BNB) is in the green over the last 24 hours, reflecting a 4.31% increase. However, trading volume has slightly decreased by 17.14%, while market capitalization has risen by 4.29% at the time of this analysis. The current market price of BNB stands at $246.77 compared to the previous day.
Binance Coin Price Chart (Source: CoinMarketCap)
Additionally, the current circulating supply of Binance Coin exceeds 155 million. Analyzing the monthly price chart, BNB has experienced a decline of approximately 21.13. The market capitalization is reported at $38 billion, while trading volume stands at $687 million.
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