The post Whale Moves $34M in BNB to Binance as Staking Inflows Surge. appeared first on Coinpedia Fintech News
A whale, 0x1E7, recently borrowed 62,000 BNB tokens worth $34.31M from Venus to quickly deposit all the tokens into Binance. Based on an assumption, the intent of depositing BNB is to earn staking rewards from Binance’s Launch Pool. Over the past 24 hours, a large inflow of BNB has hit Binance, with approximately 511.6k BNB worth $276.29M.