Animoca Brands Deposits $2.44M PIXEL to Binance

Animoca Brands Deposits $2.44M PIXEL to Binance

On-chain analyst The Data Nerd has reported that there has been a major transaction involving Animoca Brands. According to The Data Nerd's Twitter post, Animoca Brands sent 20 million PIXEL tokens to a Binance wallet, which is worth approximately $2.44 million. The transaction occurred 17 hours before The Data Nerd's tweet. The movement of such a significant amount of PIXEL tokens to Binance has raised speculation about the intentions of Animoca Brands. Some analysts believe that this could be a sign that Animoca Brands is planning to sell its PIXEL holdings, while others believe that it could be a strategic move to increase liquidity. Currently, PIXEL is trading at $0.1477, down 1.86% in the last 24 hours, according to CoinMarketCap. Animoca Brands is a leading company in the field of blockchain gaming. The company has invested in a number of successful blockchain games, including The Sandbox, Axie Infinity, and REVV Racing. Animoca Brands is also a major shareholder in the cryptocurrency exchange Binance. The recent deposit of PIXEL tokens to Binance by Animoca Brands is a significant event that could have implications for the price of PIXEL and the broader blockchain gaming market. It will be interesting to see how the market reacts to this news and what the long-term impact will be.