LEVER Supply 2.6% Deposited into Binance; Brace for Price Volatility

IconCryptoNewsTerminal Staff11 Jun, 2024

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LEVER Supply 2.6% Deposited into Binance; Brace for Price Volatility

On-chain analyst TheDataNerd has reported a significant movement of $2.6 million worth of LEVER tokens into Binance. This transaction represents approximately 2.6% of the circulating supply and is likely to induce considerable price volatility for LEVER. Experts suggest that this large influx into Binance could indicate increased selling pressure, leading to a potential decline in LEVER's value. Traders and investors are advised to exercise caution and closely monitor market developments to make informed decisions.