Token

HIPPOP

Symbiosis

Arkham

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-labs-affects-market-with-token-transfers" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Labs Affects Market with Token Transfers</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-backs-sei-networks-latest-upgrade" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> Labs recently executed the transfer of cryptocurrency tokens valued at millions from four distinct projects, prompting apprehension regarding potential selling pressure in the market. Following this transfer of $2.79 million worth of tokens to the Gate crypto exchange, the values of UNA, PSTAKE, SIS, and HIP tokens each saw a dip exceeding 5%.</p>
<h2 id="what-motivated-binance-labs-to-sell-tokens">What Motivated Binance Labs to Sell Tokens?</h2>
<p style="text-align: justify">Data from Arkham Intelligence indicates that Binance Labs is gearing up to liquidate crypto tokens across four different projects. This arm of Binance typically invests in early-stage blockchain endeavors that emphasize technological advancements and sustainable revenue streams.</p>
<h2 id="how-are-new-tokens-performing-on-binance">How Are New Tokens Performing on Binance?</h2>
<p style="text-align: justify">In addition, Binance continues to introduce new and highly sought-after cryptocurrencies such as The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO. The PNUT <a href="https://en.bitcoinhaber.net/elon-musk-shifts-focus-from-crypto-to-political-and-economic-issues" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> has surged over 1500% in the last week, while the ACT token has experienced an extraordinary 2800% rise following its recent listing on Binance.</p>
<p style="text-align: justify">Notably, none of the assets that Binance Labs recently transferred are currently available for trading on its exchange. As a result of this activity, tokens like Symbiosis (SIP) and HIPPOP saw declines of 5.87% and 12%, respectively. Furthermore, Binance Labs has recently announced investments in emerging projects, including Brevis, a platform focused on verifiable computations using historical on-chain data.</p>
<ul>
 <li>Binance Labs moved $2.79 million in crypto, impacting token values.</li>
 <li>Tokens UNA, PSTAKE, SIS, and HIP saw significant declines post-transfer.</li>
 <li>Binance lists high-performing new tokens, attracting trader interest.</li>
 <li>Recent token transfers do not include any currently traded assets on Binance.</li>
</ul>
<p style="text-align: justify">The ongoing strategy of Binance is to not only introduce in-demand projects but also to bolster the liquidity of associated tokens, aiming to adjust to the cryptocurrency market’s evolving landscape while sustaining trader engagement.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/binance-labs-affects-market-with-token-transfers" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Labs Affects Market with Token Transfers</a></h5>

Binance Labs Affects Market with Token Transfers

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