Whale 0x1E7 Deposits 62,000 BNB to Binance from Venus: Prepares for Launchpool Participation

On September 16, according to data monitored by The Data Nerd, a crypto whale identified as 0x1E7 borrowed 62,000 BNB from the DeFi platform Venus, equating to approximately $34.31 million. This significant volume of BNB was subsequently deposited into Binance, likely for participation in Binance’s Launchpool. Within a 24-hour period, Binance saw a total deposit of about 511,600 BNB, valued at roughly $276.29 million. This strategic move indicates a substantial increase in Binance’s BNB holdings, underscoring the potential high returns perceived by large-scale investors in the Launchpool participation.