According to Onchain data, a cryptocurrency wallet belonging to the developers behind the Binance-affiliated BSC network purchased $75,000 worth of SKYAI tokens.
The organization’s token has an average purchase price of $0.04634. At the time of writing, it is trading at $0.05021, up 11% in the last 24 hours.
The current market value of the token running on the BSC network is around $50 million. However, the token is not listed on Binance.
Interestingly, SKYAI has become the largest asset held by the BSC Foundation, surpassing the Test (TST) token, which was also promoted in the past by Changpeng Zhao, founder of cryptocurrency exchange Binance. The total amount of SKYAI held by the foundation is $2.16 million, which is approximately $109,000.
Other altcoins held by the foundation include TST worth $47,000, MUBARAK worth $35,000, and BROCCOLI worth $29,000. It is noteworthy that all of these tokens are cryptocurrencies that Binance founder CZ once mentioned as names.
In addition, the BSC Foundation has also purchased AIOT tokens in the past.
*This is not investment advice.
