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Cryptocurrency News Articles

BNB Whale Moved 16,950 BNB Tokens Worth $9.9M from Binance

Apr 17, 2025 at 02:30 am

As evidence shows, the whale continues to hold some of its token holdings. The trader took part of its BNB position to stablecoins worth $5.53 million

BNB Whale Moved 16,950 BNB Tokens Worth $9.9M from Binance

A crypto whale has moved a large sum of BNB tokens from the Binance exchange.

The large-scale withdrawal from Binance is spurring interest among investors who are studying both the whale’s strategic approach and its impact on the token’s price.

According to data from blockchain analytics platform TokenInsight, a crypto whale withdrew 16,950 BNB tokens, valued at $9.9 million, from the Binance exchange around 19 hours ago.

The whale has so far sold 9,550 BNB tokens for $5.53 million in USDC and USDT and supplied $5.07 million in Aave V3, according to DeFi analytics platform DeBank.

The crypto whale still holds 7,200 BNB tokens, which are currently valued at $4.16 million, and may sell more to supply on Aave. Here is the full breakdown of the crypto whale’s activity:

As the crypto whale’s activity continues to unfold, market observers are noting that the present investments appear poised to serve as an activation point for more strategic Aave engagements.

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Other articles published on Apr 19, 2025