Binance announced its 60th Launchpool project yesterday and stated that it is Scroll (SCR).
As users begin to join Launchpool, whales have sprung into action, buying more than $110 million worth of BNB following the announcement.
Whales Rushed to BNB!
According to Lookonchain's post, 4 whales took action immediately after Binance's announcement and purchased a total of $112.4 million worth of BNB to use in Launchpool.
“After Binance announced Scroll (SCR) as its new Launchpool project, 4 whales borrowed 195,500 BNB (worth $112.4 million) from Venus and deposited it into Binance to join Launchpool.
0x1e7f- Borrowed 65K BNB (worth $37.34 million). 0x5c18- Borrowed 52K BNB (worth $29.9 million). 0xcd40- Borrowed 39.5K BNB (worth $22.7 million). 0x2d87- Borrowed 39K BNB (worth $22.4 million).
Users who lock FDUSD and BNB in Binance's Launchpool projects receive an airdrop of the listed altcoin. The more BNB or FDUSD is locked, the more altcoins they have the chance to earn.
BNB, where whales are concentrated, continues to be traded at $583 with a 2% increase in the last 24 hours.
*This is not investment advice.