BNB: An associate to take the fall
Ordinarily, the volume describes the amount of transactions that pass through a network within an interval. The spike in this metric considers both transactions in losses and gains. But the action by investors would have mostly ended in taking responsibility for dumping the asset.This was because BNB, at press time, had lost 7.34% of its value in the last 24 hours. A 108% increase within the same period, coupled with a 10.
The reason for this projection was because of the actions of whales and sharks. Based on Santiment’s data, addresses holding 1000 to 10000000 BUSD have jointly dumped over $200 million worth of the stablecoin in the last 24 hours. BUSD’s projection to stop hovering around the $1 mark could have been vital to the decision.
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Source: CryptoAmb - 🏆 22. / 68 Read more »