Giant Whale Deposit $35M BNB To Binance Predicted Preparing To Buy $ARKM

Key Points:

• The giant whale sent 141,835 BNB (worth around $35 million) to Binance through 4 addresses.
• Predictions suggest whales may be preparing to participate in the upcoming Arkham token sale (ARKM).
• Yesterday, Binance announced that it will conduct a public Arkham (ARKM) token sale on its launch pad.

Binance announced that Arkham (ARKM) will become the 32nd project to sell tokens on its launch platform, prompting whales to enter a “predator” state.

Lookonchain tracking shows that 3 hours ago, a giant whale sent 141,835 BNB (worth around $35 million) to Binance via 4 deposit addresses.

Lookonchain speculates that whales may be involved in the Arkham (ARKM) token sale. Since the buy limit is 300,000 ARKM, the whale deposited BNB into 4 Binance accounts to buy more ARKM.

On July 10, news from the on-chain platform Arkham surprised the crypto community with the announcement that it would have its own token and open it for sale on Binance Launchpad.

Soon after, the official announcement from Binance about the detailed ARKM token sale was also given. Has a total hard cap of $2.5 million. Each user is capped at $15,000, which equates to 300,000 ARKM tokens. The total token supply for Arkham is 1 billion ARKM, of which Binance Launchpad has been allocated 50 million. This allocation represents 5% of the total supply.

Starting on July 11th at 00:00 UTC, Binance will initiate a six-day monitoring period to record users’ BNB balances. Each user’s final BNB holdings will be calculated as the average value of their balance over the course of these six days.

BNB price has had a clear increase from $231 to $244 after the announcement of the launchpad for Arkham’s ARKM token. Currently BNB is trading at $247 up 6% over the past 24 hours.

Arkham Intelligence is a well-known on-chain data delivery platform in the cryptocurrency industry, with over 200,000 users as of June 2023. The project once raised $ 10 million for 20% of the total ARKM token supply, at a valuation of $ 150 million.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.