According to cryptocurrency onchain data, the BSC Foundation, affiliated with BNB Chain, founded by Binance, made notable purchases in several altcoins.
According to the data, the BSC Foundation purchased $25,000 worth of each of MYX, BANK, LISTA, and GM tokens in five minutes. Although the amounts are small, the symbolic significance of these purchases could be significant.
Of the purchased tokens, GM's market value is $8.4 million and MYX's market value is $6.38 million (pre-purchase market values). With this move, these two tokens became the two altcoins with the smallest market value in the foundation's possession.
When the other assets held by the foundation are examined, the wallet where the purchases were made currently contains $492,000 worth of altcoins. Among these, SKYAI has the largest share with $134,000.
Other tokens held include $44k worth of TST, $40k worth of MUBARAK, and $26k worth of CGPT.
*This is not investment advice.
