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COINOTAG News reported on October 9 that on-chain analytics provider LookIntoChain identified whale address “0x2a02” establishing a 3x BNB long position five days ago; the address now holds 7,957 BNB, representing a notional value of $10.13 million.
According to the monitored ledger entries, the position currently shows unrealized gains of over $1 million, a mark-to-market metric highlighting the trade’s open profit. This level of whale accumulation constitutes a meaningful concentration in BNB and affects observable market liquidity and order-book dynamics.
Institutional traders and risk teams tracking on-chain monitoring signals from LookIntoChain and COINOTAG should factor this verified activity into their models, applying robust risk management and position-sizing protocols rather than drawing speculative conclusions.
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