Binance, the world's largest cryptocurrency exchange, announced its 32nd project on Binance Launchpad.
After Binance announced that its new project is Arkham (ARKM), whales called big investors took action.
At this point, popular cryptocurrency platform Lookonchain said that whales have started depositing BNB on Binance to buy Arkham.
Lookonchain said the three whales have borrowed 16,600 BNB worth $4.03 million from RDNTCapital and Venus Protocol and deposited it in Binance.
“After the announcement of the Arkham (ARKM) token sale on Binance Launchpad, three whales borrowed BNB from RDNTCapital and Venus Protocol and deposited it in Binance.
In total, the three whales deposited 16,600 BNB (worth $4.03 million) on Binance.
The wallet named “0x85a3” was created about 3 hours ago.
This wallet has withdrawn 2.44 million USDT from Binance and deposited it into Venus Protocol. Then he borrowed 6,000 BNB (worth $1.45 million) from Venus and deposited it in Binance.
The wallet named “0xbf89” borrowed 6,360 BNB (worth $1.54 million) from RDNTCapital and deposited it in Binance about 30 minutes ago.
Finally, Arkstream Capital borrowed 4,3000 BNB (worth $1.54 million) from Venus and deposited it in Binance about an hour ago.”
After Binance's Arkham announcement, there was a volatility in the price of BNB and BNB rose by 5% in a short time.
BNB, which has risen to $ 244.3, continues to be traded at $ 242.3 at the time of writing.
*Not investment advice.