Early BNB Holder Deposits $1M On Binance, Gains Million-Dollar Profit

Key Points:

• An early BNB holder deposited $1M worth of BNB on Binance, with an average cost of $3 per token.
• Andrew Kang purchased a significant amount of ARB, spending a total of $2.85M for 2.3M tokens at an average price of $1.24.
• Three whales hold a significant portion of ARB, with one becoming the largest individual holder, owning 17.62M tokens worth $21.5M.

Early $BNB holder deposited $1M to Binance, avg cost $3. Andrew Kang bought 2.3M $ARB at the cost of $1.24. Whale holds 17.62M $ARB ($21.5M).

Recent on-chain data has shown a number of significant transactions in the cryptocurrency market. One early $BNB holder, reported by 0xScope, deposited $1 million worth of the cryptocurrency to Binance, despite the average cost of their $BNB being $3. The $BNB was received from a withdrawal from Binance in 2017.

An early $BNB holder (receive it when $BNB is $3) deposited $1M $BNB to binance.

Lost faith eventually? https://t.co/ItQsY9cuCw

— 0xScope ( . ) (@ScopeProtocol) April 6, 2023

Meanwhile, Andrew Kang has been actively buying up $ARB, purchasing 1.509 million of the cryptocurrency with an average price of $1.227. Kang now owns 2.3 million $ARB at an average cost of $1.237. However, it has been suggested that he should claim his 5125 $ARB airdrop before making any further purchases.

Further on-chain data shows that four whales are continually buying $ARB, with the largest individual holder being a whale who received 5.86 million $ARB ($7.15 million) from https://Gate.io and now holds a total of 17.62 million $ARB ($21.5 million). This same whale also bought 795,381 $ARB with 1 million $USDC at a price of $1.26 and currently holds 10.6 million $ARB ($12.94 million).

2/ The whale/institution received 5.86M $ARB ($7.15M) from https://t.co/Q1M8T0O4yl again and currently holds a total of 17.62M $ARB ($21.5M).

The whale became the largest individual holder of $ARB.https://t.co/zXss3wtDjV pic.twitter.com/PAD5LFtiId

— Lookonchain (@lookonchain) April 6, 2023

In addition, another whale, identified as “0xe04d”, received 532,012 $ARB ($661K) and currently holds 4.58 million $ARB ($5.59 million). These significant transactions show that there is a growing interest in $ARB, with investors and traders looking to add to their portfolios. However, it is important to note that cryptocurrency markets can be volatile, and investors should always do their due diligence before making any investment decisions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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