The surge in BNB led to significant activity among large investors! Five whales purchased a considerable amount of the altcoin, driving its price up by 300%.
BNB, the cryptocurrency associated with Binance, the largest exchange globally, soared past $700, marking a more than 10% increase within a day.
This spike in BNB’s value not only made it one of the most lucrative altcoins but also spurred the interest of major investors known as whales.
In response to BNB’s uptrend, five whales made substantial purchases of memecoin WHY, which operates on the BSC network.
Reports from Lookonchain revealed that these five BSC whales collectively invested over $1 million in WHY.
“Today, BNB has reached an all-time high!
We have observed certain wallets acquiring memecoin WHY on the BSC network.
In the last 24 hours, 5 wallets have withdrawn 779 BNB ($534K) from Binance to purchase a total of 14.92T WHY (currently valued at $1.3M).
For instance, 0x2eb6 spent 150 BNB ($103k) to acquire 3.75T WHY.
Similarly, 0x886a invested 180 BNB ($124k) in 3.25T WHY.
Additionally, 0x3288 used 153 BNB ($105k) to secure 3.21T WHY.
Moreover, 0x4bfd allocated 150 BNB ($103k) for 2.57T WHY.
Lastly, 0x298F spent 145 BNB ($99.5K) on 2.13T WHY.”
Introduced in early April, WHY has experienced a remarkable surge of over 700% since its launch, with a recent 24-hour increase surpassing 300%.
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