Venus

Coin

<ul class="news-points"> 
 <li><strong>A whale borrowed 140,000 BNB worth $34 million from Venus and deposited it into Binance.</strong></li> 
 <li><strong>Lookonchain suspects the whale intends to stake deposited BNB to farm CYBER and SEI.</strong></li> 
 <li><strong>CYBER is the native token of CyberConnect, a newly launched Web3 social network.</strong></li> 
</ul> 
<p>According to Lookonchain, the smartmoney on-chain platform, a whale borrowed 140,000 BNB worth $34 million from Venus and deposited it into the Binance exchange. Lookonchain suspects the whale intends to stake the deposited <a href="https://coinedition.com/tag/Binance-Coin-BNB/" rel="noopener noreferrer nofollow">BNB</a> to farm CYBER and SEI.</p> 
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   <p lang="en" dir="ltr">A whale borrowed 140K <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> ($34M) from <a href="https://twitter.com/hashtag/Venus?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Venus</a> and deposited into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> 6 hrs ago. <br><br>Possibly will stake <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> to farm <a href="https://twitter.com/search?q=%24CYBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CYBER</a> and <a href="https://twitter.com/search?q=%24SEI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SEI</a>.<a href="https://t.co/Zoq0bG0Foc" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Zoq0bG0Foc</a> <a href="https://t.co/2ztzI7VHua" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2ztzI7VHua</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1686631480649469952?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 2, 2023</a> 
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<p>The whale’s action has raised significant interest among crypto users. Some respondents to Lookonchain’s tweet expressed their curiosity over the event. While one respondent considered the move as ‘a big gamble’, another questioned why the whale did not outrightly buy CYBER and SEI instead of burrowing. The respondent, Vikas Yadav, asked how much interest the whale would pay on the borrowed BNB tokens.</p> 
<p>CYBER is the native t…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/lookonchain-spots-whale-borrowing-34m-in-bnb-to-farm-cyber-sei/">Lookonchain Spots Whale Borrowing $34M in BNB to Farm CYBER, SEI</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Lookonchain Spots Whale Borrowing $34M in BNB to Farm CYBER, SEI

Coin Edition

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