170 Million BETA Deposited to Binance: What This 17% Supply Move Means for Beta Finance

On November 8, COINOTAG News reported a significant transaction within the crypto sphere involving Beta Finance. According to monitoring by The Data Nerd, a multi-signature wallet associated with Beta Finance executed a deposit of 170 million BETA tokens into the Binance exchange, valued at approximately $7.37 million. This noteworthy transaction represents around 17% of the total BETA supply, indicating increased liquidity and possibly enhanced market activity. Such moves can impact BETA’s price dynamics, reflecting investor sentiment and market confidence. It is essential for stakeholders to remain vigilant about similar transactions, as they can signal broader trends within the cryptocurrency market. Investors are advised to monitor these developments closely to gauge the potential implications for their portfolios and make informed decisions.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin Whales Dump 114,920 BTC in 30 Days — Largest Sell-Off Since July 2022 Signals Strong Risk-Off

COINOTAG News reported on September 8 that CryptoQuant analyst...

C10 Treasury Expands: Jia Yueting Announces $2M Digital Asset Allocation and Upcoming EAI Vehicle Chain Strategy

COINOTAG reported on September 8 that Jia Yueting stated...

Bitcoin Whale Boosts 40x $8.33M Long in $17M+ Smart-Money Bet — $15.6M+ Profit on Hyperliquid

COINOTAG reported that, per on-chain data on September 8,...

Eric Trump Denies Photo Purchase Rumors — Says Only Asian Partner Is Metaplanet

COINOTAG News (Sept. 8) reports that Eric Trump issued...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img