Peanut

HIPPOP

Symbiosis

Arkham

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-labs-transfers-tokens-impacting-market-values/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Labs Transfers Tokens, Impacting Market Values</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/binance-faces-legal-challenges-in-canada-and-the-philippines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> Labs transferred <a href="https://en.coin-turk.com/investors-notice-sudden-drop-in-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> tokens worth millions of dollars from four different investment projects. This action raised concerns about selling pressure in the market. Each of the UNA, PSTAKE, SIS, and HIP tokens saw a decline of more than 5% following Binance Labs’ transfer of $2.79 million worth of tokens to the Gate crypto exchange.</p>
<h2 id="reasons-behind-binance-labs-sales">Reasons Behind Binance Labs’ Sales</h2>
<p style="text-align: justify">According to Arkham Intelligence data, Binance Labs is preparing to sell crypto tokens for four projects. The venture capital branch of Binance Labs typically invests in early-stage crypto and blockchain projects focusing on technological innovation and sustainable revenue models.</p>
<p style="text-align: justify">On-chain data reveals that the venture capital branch transferred a total of $2.79 million in crypto to Gate. The transferred tokens include approximately 47.61 million UNA valued at around $1.27 million, about 25 million PSTAKE valued at approximately $1.24 million, around 2.85 million SIS valued at approximately $270,000, and roughly 2 million HIP valued at approximately $7,330.</p>
<h2 id="new-token-listings-by-binance">New Token Listings by Binance</h2>
<p style="text-align: justify">Binance continues to list new and in-demand crypto tokens such as The AI Prophecy (ACT), Peanut The Squirrel (PNUT), and First NEIRO. The price of PNUT surged over 1500% in the past week, significantly capturing the attention of traders. The ACT token also noted a remarkable 2800% increase on its weekly chart following its spot listing on Binance.</p>
<p style="text-align: justify">None of the assets transferred by Binance Labs are currently traded on the Binance exchange. Following this action, the Symbiosis (SIP) and HIPPOP tokens experienced declines of 5.87% and 12%, respectively. Recently, the venture investment platform announced investments in new projects like Brevis, a ZK platform that enables verifiable and trustless computations on historical on-chain data.</p>
<p style="text-align: justify">Binance continues to list in-demand projects and enhance liquidity for related tokens. This strategy aims to adapt to dynamics in the <a href="https://en.coin-turk.com/huobis-stablecoin-reserves-drop-over-30-following-arrest-of-senior-executives/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> and maintain investor interest.</p>
<p>The post <a href="https://en.coin-turk.com/binance-labs-transfers-tokens-impacting-market-values/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Labs Transfers Tokens, Impacting Market Values</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Binance Labs Transfers Tokens, Impacting Market Values

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