While the effect of the SEC’s lawsuit against Binance continued, it was noteworthy that a BNB whale sold 2.3 million dollars after 2 years.
The effect of the lawsuit filed by the US regulator SEC against Binance continues. The SEC claimed that Binance acted illegally and engaged in unregistered transactions on many issues. These accusations have had a huge impact on the crypto industry.
The crypto industry is focused on the tension between the SEC and Binance. A sale transaction realized in the middle of this process attracted attention. A BNB whale made a big sale after 2 years of sleep.
Loads of BNB Whale
A BNB whale sold 10,000 BNB amid SEC and Binance tensions.
According to data provided by Lookonchain, a whale has sold 10,000 BNB. The whale still has 15,000 BNB. The crypto market thinks that this transaction by the whale is due to the market trend.
The average price of BNB that the whale was selling was $230. The detail that made the whale stand out was the SafeMoon transaction it had done in the past. The BNB whale had earned 110,000 BNB ($47.5 million at the time) from its SafeMoons, which it had previously purchased for $100. The whale, which has so far held 25,000 BNB, has started to turn these BNBs into cash.
1/ A whale that has been dormant for 2 years sold 10,000 $BNB ($2.3M) at $230 today.
This whale was a #SAFEMOON whale before and made 110K $BNB ($47.5M at that time) with only 10 $BNB($2,400 at that time) on #SAFEMOON. pic.twitter.com/jxuBJBcWad
— Lookonchain (@lookonchain) June 12, 2023
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