Crypto even According to onchain data, after Binance listed an altcoin in futures, there was an increase in the whale activity of the altcoin in question.
Onchain data revealed that two different cryptocurrency whales began accumulating AVA (AVA) following Binance’s announcement.
The first of the whales purchased 1.49 million AVA for 350 thousand dollars, while the second bought 318 thousand dollars of AVA after the announcement, for a total of 758 thousand dollars today.
AVA, which is not yet listed by any major cryptocurrency exchange other than KuCoin, stands out as a Solana-based memecoin. The altcoin, which was released through the Memecoin launch platform PumpFun, has a large market value of $223 million at the time of writing.
Additionally, AVA has been included in Binance Alpha, Binance’s pre-listing pool, and a spot market listing may also be possible in the future.
However, memecoins, especially in the Solana ecosystem, are known for their high risks. It turned out that many altcoins released through PumpFun were actually pump-dump schemes.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/onchain-verileri-gosterdi-binancein-aciklamasinin-ardindan-balinalar-bu-altcoine-odaklandi/
