In the previous three days, a whale bought 22,319 BNB, or $5.6 million, and removed it off the Binance exchange, according to a recent X post by the cryptocurrency tracker @lookonchain.
In order to receive trading fees, the whale then added these BNB to liquidity pools on the Biswap and PancakeSwap exchanges.
https://x.com/lookonchain/status/1721565063751102481?s=20
Binance Coin (BNB) had a notable increase of more than 12% between Friday, Nov. 3, and Tuesday, Nov. 7, reaching the $255 mark. But after that, BNB fell 3.40% and is currently trading at $246.
The other day, XRP overtook BNB in terms of market capitalization value on the CoinMarketCap scale. The cryptocurrency linked to Ripple ranked fourth, while BNB fell to fifth.
But shortly after, XRP was displaced as fourth position by Binance Coin.
CZ debunks rumors of new Binance product launch
According to Chinese cryptocurrency writer Colin Wu, the massive Binance cryptocurrency company has launched a new product called Binance Messenger in an effort to attract an additional billion users to the site. CZ addressed that, referring to the messenger as an outdated product (an internal programme) that needs testing. You may still get Binance Messenger from the App Store.
On November 6, CZ released a teaser, an 11-second clip with the eye-catching phrase “coming soon.” Declaring that Binance Messenger has nothing to do with it, Changpeng Zhao vowed to provide further information when Binance Blockchain Week kicks up on November 8
