Dump Risk in These Four Altcoins! Binance Labs is Preparing for Sale!

The world’s largest cryptocurrency exchange Binance’Binance Labs, the investment arm of altcoinis also being prepared for sale.

According to on-chain analyst EmberCN’s post, Binance Labs transferred four investment project tokens worth approximately $2.79 million to Gate today.

According to the analyst, Binance Labs likely made these transfers in preparation for the sale.

Among these tokens, 47.61 million A (worth approximately $1.27 million), 25 million PSTAKE (worth about $1.24 million), 2.85 million SIS (worth about $270,000) and 2 million HIP (worth approximately $7,330).

All of these four projects are among the projects invested by Binance Labs. While Binance Labs stated that these tokens were obtained through unlocking and qualifying, it was stated that these tokens are not currently listed on Binance.

币安实验室 @BinanceLabs 应该是准备出售一部分投资项目的代币：他们在 1 小时前将 4 个所投项目的代币 (价值 $2.79M) 转进了 Gate。

具体为：4761 万 $UNA ($1.27M)、2500 万 $PSTAKE ($1.24M)、285 万 $SIS ($0.27M)、200 万 $HIP ($7.33K)。

这 4… pic.twitter.com/kHEXH9u3Oo

— 余烬 (@EmberCN) November 14, 2024

*This is not investment advice.