Token

Trust Wallet Token

Coin

<p>As <a href="https://www.binance.com/en/blog/community/binance-blockchain-week-istanbul-2023-agenda-announcement-5015097494618338013" target="_blank" rel="noopener noreferrer nofollow">Binance Blockchain Week</a> approaches, the prices of several tokens related to Binance have surged over the past month, as <a href="https://x.com/lookonchain/status/1721793075549516167?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> by LookOnChain. This includes Binance Coin (BNB), which is up 18%, and tokens for products/services owned by Binance:</p>
<ul>
 <li>Trust Wallet Token (TWT) up 77%</li>
 <li>PancakeSwap Token (CAKE) up 95%</li>
 <li>Venus Token (XVS) up 43%</li>
 <li>ApolloX Token (APX) up 178%</li>
</ul>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="354" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-1024x354.png" alt="" class="wp-image-371644" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-1024x354.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-300x104.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-767x265.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-1536x531.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-2048x708.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-434x150.png 434w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-100x35.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-1013x350.png 1013w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-132-788x272.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>But, what are these tokens and who is buying them?</p>
<p>Trust Wallet is a mobile cryptocurrency wallet acquired by Binance in 2018. The price of TWT has jumped as Binance’s new Web3 wallet is about to launch.</p>
<p>PancakeSwap is a decentralized exchange built on Binance Smart Chain. It has $455 million in 24-hour trading volume and $1.48 billion in total value locked (TVL).</p>
<p>Venus is a DeFi protocol on BSC that enables lending and generation of synthetic stablecoins. It has $633 million in TVL.</p>
<p>ApolloX is a decentralized derivatives exchange on BNB Chain funded by Binance Labs.</p>
<p>On-chain data <a href="https://x.com/lookonchain/status/1721793094293864833?s=20" target="_blank" rel="noopener noreferrer nofollow">shows</a> large buyers accumulating these tokens ahead of Binance Blockchain Week:</p>
<ul>
 <li>Wallet 0x8945 withdrew 1 million TWT (worth $1.63 million) when the price was $1.22.</li>
 <li>Wallet 0x966c spent 869 BNB (worth $222,000) to acquire 3.76 million APX at $0.06.</li>
</ul>
<p>The buying activity indicates strong demand for tokens related to Binance and its ecosystem as a major conference approaches. This demand could be driving the surge in prices over the past month.</p>
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<p>The post <a href="https://captainaltcoin.com/why-are-bnb-and-these-binance-coins-prices-up/" rel="noopener noreferrer nofollow">Why Are BNB and These Binance Coins Prices Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Are BNB and These Binance Coins Prices Up?

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