Yuri Molchan
Binance Coin (BNB) saw a 12% increase last week; This whale bought almost two dozen of them
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According to a recent X post by crypto tracker @lookonchain, a whale purchased and withdrew 22,319 BNB worth $5.6 million from the Binance exchange in the last three days.
The whale then added this BNB to the liquidity pools on the Biswap and PancakeSwap exchanges to earn trading fees.
Between Friday, November 3rd and Tuesday, November 7th, Binance Coin (BNB) recorded a significant increase of more than 12% and reached the $255 mark. However, BNB subsequently fell by 3.40% and is now trading at $246.
Recently, XRP managed to surpass BNB by market capitalization value on the CoinMarketCap scale as the Ripple-linked cryptocurrency took fourth place, pushing BNB to fifth place.
However, soon after, Binance Coin managed to reclaim fourth place from XRP.
CZ debunks rumors about the launch of a new Binance product
Chinese cryptocurrency blogger Colin Wu reported that crypto giant Binance has launched a new product called Binance Messenger to attract another billion users to the platform. However, CZ commented on this and called the messenger an old product (internal app) to test. Nevertheless, Binance Messenger can be downloaded from the App Store.
On November 6th, CZ released a teaser – an 11-second video with the large caption “Coming Soon.” Changpeng Zhao stated that Binance Messenger had nothing to do with it and promised to provide more details during the upcoming Binance Blockchain Week event starting on November 8th.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to change the world in many aspects of the future. He has written for several crypto media outlets. His articles have been quoted by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
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