This year's season of Binance Blockchain Week, perhaps one of the most popular events in the cryptocurrency world, has approached with the rally in Bitcoin.
The two-day Binance Blockchain Week Istanbul 2023 conference will take place between Wednesday, November 8 and Thursday, November 9.
However, some whales appear to be already preparing for this event. According to information provided by cryptocurrency analysis company Lookonchain, the BNB price has increased by approximately 10% in the last week. This rise seems to have occurred independently of Bitcoin and most altcoins. In the same period, BTC increased by 1.85% and Ethereum increased by 5%.
According to the data, a cryptocurrency whale seems to have taken an interesting position before the event. The giant whale withdrew 22,319 BNB ($5.6 million) from Binance in the last three days and aimed to earn passive rewards by staking it on Biswap and Pancakeswap decentralized exchanges.
When the cryptocurrency wallet of the whale in question is examined, it is seen that he keeps most of his assets on the BNB chain. The whale, which keeps a total of $ 26 million in crypto money on the BNB chain, staked almost all of it. The whale wallet has $6.4 million in the BTCB-BNB pool and approximately $500,000 in the DOGE-BNB pool.
*This is not investment advice.