BNB Skyrockets 12% Weekly as Whale Aquire $5.6 Million Worth Of It

Binance Coin (BNB) has demonstrated 12% rise in last week; this whale bought nearly two dozen of it

According to a recent X post published by the @lookonchain crypto tracker, a whale purchased 22,319 BNB worth $5.6 million and withdrew it from the Binance exchange during the last three days. The whale then added these BNB to liquidity pools on the Biswap and PancakeSwap exchanges in order to earn trading fees from it.

The #BinanceBlockchainWeek is coming soon!

The price of $BNB has increased by 10% in the past week.

A whale withdrew 22,319 $BNB($5.6M) from #Binance in the past 3 days and provided liquidity on #Biswap and #PancakeSwap to earn trading fees.https://t.co/dQTc7OUNp2 pic.twitter.com/GIzxVT9mvF
— Lookonchain (@lookonchain) November 6, 2023

Between Friday, Nov. 3, and Tuesday, Nov. 7, Binance Coin (BNB) demonstrated a significant rise of more than 12%, hitting the $255 level. However, BNB then declined 3.40%, now trading at $246.

The other day, XRP managed to surpass BNB by market capitalization value on the CoinMarketCap scale as the Ripple-affiliated cryptocurrency took fourth place, pushing BNB to fifth. However, soon after that, Binance Coin managed to regain fourth place from XRP.

TAGGED:altcoins Binance BNB XRP

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William is a crypto writer who has been covering the industry since 2017. She is an expert on Bitcoin and blockchain technology, and she is known for her informative and insightful articles.