Binance Labs, the investment arm of the world's largest cryptocurrency exchange Binance, is preparing to sell four altcoins.
Binance Labs transferred four investment project tokens worth approximately $2.79 million to Gate today, on-chain analyst EmberCN shared.
According to the analyst, Binance Labs likely made these transfers in preparation for the sale.
These tokens include 47.61 million UNA (worth around $1.27 million), 25 million PSTAKE (worth around $1.24 million), 2.85 million SIS (worth around $270,000), and 2 million HIP (worth around $7,330).
All four of these projects are among the projects invested in by Binance Labs. While Binance Labs stated that these tokens were obtained through unlocking and entitlement, it was stated that these tokens are not currently listed on Binance.
https://twitter.com/EmberCN/status/1857006902347010490
*This is not investment advice.
