Anonymous BNB whale adds $3.17 million worth of BNB to their holdings
CryptoNewsTerminal Staff11 Aug, 2024
Anonymous BNB whale adds $3.17 million worth of BNB to their holdings
On-chain analyst ai_9684xtpa tweeted that a BNB whale, known as '2017.OG', has just purchased 6,301 BNB worth $3.17 million in the last 2 hours. The whale's massive BNB purchase follows a previous purchase of 26,150,997 BNB in September 2023 at an average price of $216. This means that the whale is sitting on an unrealized profit of $6.71 million. The whale's wallet currently holds around $15.37 million worth of BNB. This makes them one of the largest BNB holders in the world. It is unclear why the whale has decided to add to their BNB holdings at this time. However, it is worth noting that BNB has been performing well in recent weeks. The price of BNB has risen by over 20% in the past month. It is possible that the whale believes that BNB is undervalued and is positioning themselves to profit from a future price increase.
