BNB whale sharing! The most important thing to save 700,000 BNB is luck

This site (120BTC.coM): Under the recent market conditions, many giant whales have transferred large amounts of assets to exchanges, suspected to be preparing for selling. At approximately 6 pm yesterday, Debank data showed that a whale with the username "capybara_bnb" deposited 200,000 BNB into Binance, worth approximately US$102 million.

Since the trading volume of BNB on Binance in the past 24 hours is less than 500,000, if the whale chooses to sell in a large amount, it is expected to have a huge impact on the price of BNB. Currently, the whale still holds 502,221 BNB (worth approximately US$300 million), of which approximately 397,612 are pledged on the chain and the remaining approximately 200,000 are simply held.

Big BNB owner: Accumulating wealth depends on patience and luck

capybara_bnb’s huge wealth attracted the attention of many netizens. One netizen asked him how he accumulated wealth worth billions of dollars? Unexpectedly, he also replied that the story It's simple:

Try to understand BNB

Buy BNB

Participate in the BNB ecosystem

Don't sell BNB just because of Fud

capybara_bnb further stated:

The most important thing is luck, not personal effort.

In response to a similar question from another netizen, he responded that he invested in $BNB a few years ago. At that time, he thought it was a good idea based on the following points:

Cryptocurrency was performing well at the time. I believe the future will be better.

Exchanges are inherently good business in the cryptocurrency industry, for obvious reasons.

Binance should be a good exchange. This is the only thing I'm not sure about, but it's worth a try.

Based on Binance’s mechanics, $BNB is able to benefit from Binance’s success.

Utility of BNB

The main uses of holding BNB are:

Gas on the BNB chain

Staking rewards. According to staking reward data, APY is 0.63%

Participate in Binance’s Launchpool (new currency mining platform), deposit BNB and earn new coins. For how to participate, please refer to: Binance "New Coin Mining" complete tutorial.

Participate in the Megadrop launched by Binance to promote its own Web3 wallet, subscribe for BNB regular products and complete Web3 tasks, you can get airdrop rewards.

In addition, Binance also launched the HODLer airdrop to airdrop new coins to users who use BNB fixed-term and/or current products.

In summary, Binance has given many functions to the BNB token it issued, so it is regarded as a "golden shovel" by the community. However, it needs to be reminded that there are inevitable centralization risks in exchanges.

The above is the detailed content of BNB whale sharing! The most important thing to save 700,000 BNB is luck. For more information, please follow other related articles on the PHP Chinese website!