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<p class="is-style-lead">A BNB wallet dormant for two-year that belongs to a whale has dumped 10,000 BNB at the rate of $230 per token, after previously making significant returns from investing in the safemoon meme coin. </p>



<h2 class="wp-block-heading" id="whale-dumps-bnb-holdings">Whale dumps BNB holdings&nbsp;</h2>



<p>A whale that has been inactive for two years sold 10,000 BNB at $230 per token ($2.3 million at the current rate).&nbsp;</p>



<p>According to on-chain data released by Lookonchain, the wallet holder was an early SAFEMOON whale, who swapped 10 BNB in exchange for 100 trillion SAFEMOON, making a profit of 110,000 BNB, worth $47.5 million at that time.</p>



<p>Data also show that the wallet holder later <a href="https://bscscan.com/address/0x9e647c2c10323f5d8c22d19b554ed9cbc5638e18" target="_blank" rel="noopener">transferred</a> 25,000 BNB to whale&#8221;0x9e64&#8243; in June 2021, and has held 25,000 BNB until now. Whale&#8221;0x9e64&#8243; currently has 15,000 BNB left, which is worth $3.5 million. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">1/ A whale that has been dormant for 2 years sold 10,000 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BNB</a> ($2.3M) at $230 today.<br><br>This whale was a <a href="https://twitter.com/hashtag/SAFEMOON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SAFEMOON</a> whale before and made 110K <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BNB</a> ($47.5M at that time) with only 10 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BNB</a>($2,400 at that time) on <a href="https://twitter.com/hashtag/SAFEMOON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#SAFEMOON</a>. <a href="https://t.co/jxuBJBcWad" target="_blank">pic.twitter.com/jxuBJBcWad</a></p>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1668201706398826497?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<h2 class="wp-block-heading" id="bnb-price-analysis">BNB price analysis</h2>



<p>SAFEMOON has been accused of being a pump-and-dump scheme following a <a href="https://crypto.news/safemoon-crashes-50-24-hours-price-pump/">steep drop</a> in price that created losses for many holders. </p>



<p>At the time of writing, Safemoon is 99% down from its all-time high in May 2021. </p>



<p>Some analysts have referred to investing in meme coins as a game of chance, while others believe that if these super-volatile assets are purchased at the right time, one could make large gains. </p>



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<iframe loading="lazy" title="What is BNB? Binance Smart Chain Explained with Animations" width="1020" height="574" src="https://www.youtube.com/embed/G0gmPW8N88M?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>BNB is currently trading at $230.49, representing a 66.3% decline from its all-time high in May 2021.&nbsp;</p>



<p>The current price of BNB represents a -2.18% drop in the last 24 hours and a -23.28% drop in the past 7 days. The circulating supply of BNB is 160 Million BNB, it has a market cap of $35,836,973,018.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Most people that make money on memecoins &amp; shitcoins are either whales, insiders, or those that created them. <br><br>You are neither. Stop being exit liquidity.<br><br>Shitcoins and memecoins are often created with no real purpose or value. They&#39;re just a way for the creators to make money.…</p>&mdash; Andrew Lokenauth (@FluentInFinance) <a href="https://twitter.com/FluentInFinance/status/1653948998724595712?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The price of BNB has dropped below the critical support level of 265 this week, amidst Binance’s <a href="https://crypto.news/bitcoin-global-crypto-market-falls-sec-binance-coinbase-weekly-recap/">legal battle</a> with the U.S. Securities and Exchange Commission (<a href="https://crypto.news/ripple-losing-sec-case-can-affect-coinbase-and-binance-lawyer-says/">SEC</a>). The RSI value of 8.7 on the daily time frame suggests that it may be oversold in the short term.</p>




    <p>
        Read more:

        <a href="https://crypto.news/whale-withdraws-almost-62m-worth-of-matic-from-binanceus/">
            Whale withdraws almost $62m worth of MATIC from BinanceUS        </a>
    </p>

Whale sells 10k BNB after two years of inactivity

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