A Whale Lends Large Amounts of BNB for Participation in Binance Launchpool via Venus Protocol
Publication Time:2024-08-15 14:21:07
According to market surveillance platform Scopescan, a cryptocurrency whale utilized the lending service provided by Venus Protocol, depositing approximately $11.6 million worth of 200 BTCB and borrowing around $7.3 million worth of 14,000 BNB. The objective behind this move is to participate in Binance's upcoming TON Launchpool program. This activity allows users to earn rewards in project tokens by staking their BNB. This action showcases the level of activity among large-scale cryptocurrency investors in the market and their support for the Binance ecosystem.
BNB
Cryptocurrency
Binance Launchpool
Venus Protocol