10.2 Million STG Transferred to Binance, Coinciding with Upbit Listing

IconCryptoNewsTerminal Staff30 May, 2024

cryptonews.jpg

10.2 Million STG Transferred to Binance, Coinciding with Upbit Listing

A recent blockchain analysis report revealed that a significant transaction involving 10.2 million StarGate (STG) tokens (~$8.12 million) occurred today. According to ScopeScan, an address associated with an investor received these STG tokens from the StarGate treasury two months ago. Today, this address sent the entire amount to Binance, a leading cryptocurrency exchange. This development coincides with the listing of STG on Upbit, another major cryptocurrency exchange in South Korea. The listing has likely increased awareness and demand for STG, potentially contributing to this significant transfer. The transfer of these tokens to Binance suggests that the investor may intend to sell or trade their STG holdings. The market will be watching closely to see how this transaction impacts the price and liquidity of STG in the coming days.

Related News