![]() ![]() The post Whale dormant for 2 years sells $2.3 million BNB appeared first on Invezz. Depends on whether we'll be sweeping the $220 level, but the oversold area is clearly there. $BNB looks at a potential relief bounce here. According to Michael van de Poppe, a sweep to the $220 lows is also possible. Nevertheless, from a technical point of view, analysts believe BNB is due a relief bounce after testing a key support area. However, with the market in the midst of widespread negativity, speculation could induce further downside pressure and impact the token’s value. There hasn’t been a major move in the altcoin‘s price following the whale’s move. While the bear market of 2022 is responsible for the huge declines in value from the ATH, the current negative sentiment triggered by last week’s lawsuit against Binance and its CEO Changpeng Zhao has been a factor.īNB fell below $300 in the week before the news, and dropped beyond the $250 level as the US Securities and Exchange Commission (SEC) also sued crypto exchange Coinbase. The whale’s move comes at a time when the price of the token dumped over 22% in the past week and is struggling more than 66% down from its all-time high near $690, which it reached in November 2021. The value of SFM today is -21.3 lower compared to its value 7 days ago. BNB price outlook as whale dumpsīNB is the native coin of Binance, the world’s largest cryptocurrency exchange by volume. SafeMoon (SFM) is worth 0.000165683665 today, which is a -2.8 decline from an hour ago and a -5.3 decline since yesterday. Today’s BNB sale was at the price of $230, which was more than 2% down in the past 24 hours at the time the whale liquidated the holdings. They however dumped the majority of these SAFEMOON holdings to acquire the 110k BNB at $47.5 million at the time. Sim ple, safe, clean, durable, All styles, ' Money Back Guarantee. The said whale had accumulated 110,000 BNB after transferring 10 BNB to SafeMoon and receiving 100 trillion SAFEMOON tokens. Price now only 1.00 each, postage 10c extra or in- sured mail 200 extra. Safemoon V2 Crypto PriceSafeMoon V2 price today, SFM to USD live, marketcap. 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.” “A whale that has been dormant for 2 years sold 10,000 $BNB ($2.3M) at $230 today. The wallet address initially held 25,000 BNB coins that it had HODLed since June 2021. Per details in a tweet posted on Monday, the account showed the whale had sold a total of 10,000 BNB today. Find the latest SafeMoon USD (SAFEMOON-USD) price quote, history, news and other vital information to help you with your cryptocurrency trading and investing. A BNB whale that had remained dormant for two years has sold $2.3 million worth of their Binance Coin holdings, according to on-chain data shared by blockchain sleuth Lookonchain. ![]()
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