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

Radiant Capital Hacker Launders 13,650 ETH Through Tornado Mixer, Buys 1,327 ETH with 6M DAI — Address Now Holds $42.18M

On September 17, COINOTAG News cited LavaBurn Monitoring reporting...

Congress Debates “BITCOIN Act” to Designate Bitcoin as National Strategic Reserve and Purchase 1 Million BTC

On September 17, U.S. lawmakers convened to discuss legislation...

Bitcoin Eyes Fed’s 25 bps Rate Cut — Can the Move Close Crypto’s Gap With Traditional Risk Assets?

A QCP Capital report on September 17th signalled that...

Binance Unveils VIP Exclusive Plan for BNB Traders Who Reach Level 5+

On September 17, Binance unveiled its new VIP Exclusive...

Binance Wallet Partners with Aspecta to Launch BuildKey TGE Model — Deposit BNB for Tradable BuildKeys

COINOTAG reported on September 17 that Binance Wallet has...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img