Three “dormant” addresses sell BNB of $89,5 million

Before that, the wallets were inactive for 491-866 days

08.11.2022 - 12:20

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2 min

What’s new? On November 8, three large addresses at once sold a total of 263 247 native tokens of the Binance (BNB) crypto exchange. The total value of the assets amounted to $89,5 million. Before that, each of the wallets had not made a transaction for more than a year. At the time of writing the news (11:55 UTC), the rate of BNB has fallen by 2,2% in 24 hours, to $324,7.

Source: Transaction of 33,975.55 BNB ($11,096,037.32)

Source: Transaction of 17,934,666 BNB ($5,857,262.75)

Source: Transaction of 211,336.9 BNB ($69,253,886.77)

What else is known? All three addresses have been inactive for a long time and made their last transactions 491, 782, and 866 days ago. There is no information yet about the reasons for the sale and the connection between the three addresses.

On October 31, Binance’s staking platform launched Hashflow, a decentralized exchange (DEX) that connects traders with professional market makers. Users can earn native tokens of Hashflow (HTF) by staking BNB tokens and Binance USD (BUSD) stablecoins. On the back of this news, the rate of BNB rose by 7,5%.

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