Binance Coin | A dormant Whale Sold 10,000 BNB tokens !
If you haven`t sold BNB at the resistance, here:
Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively.
The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB.
Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.
Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion.
Looking forward to read your opinion about it!
Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively.
The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB.
Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.
Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion.
Looking forward to read your opinion about it!
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TRADING COURSE bit.ly/tradex
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RESULTS bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
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