Binance BNB Whale Deposits $340 Million Worth of BNB on Binance

IconCryptoNewsTerminal Staff15 Jul, 2024

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Binance BNB Whale Deposits $340 Million Worth of BNB on Binance

BNB whales, entities that own large sums of the cryptocurrency, have been making headlines lately with their sizable transactions. One such whale, known as "capybara_bnb," has recently deposited a significant amount of BNB into Binance. According to blockchain data platform Debank, capybara_bnb withdrew 397,612.5 BNB staked on the BNB chain and deposited 602,200 BNB ($338 million) to Binance on the 15th at 6:53 PM KST. The whale's wallet currently holds 57.6 BNB. The reasons behind this large deposit can only be speculated upon. Whales often make such moves for various reasons, including trading, hedging, or simply moving their assets. Whatever the reason, the deposit has surely caught the attention of the crypto community, and it will be interesting to see what the whale does next.

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