Flow-er
Active member
Cardiano ADA wallet on BNB chain witnessed a massive purchase. This is a absolutely the first time such a huge purchase would be made on the ADA BEP-20, and it may cause a significant rise in the price of the BSC based token. We have seen large purchases not reflecting in the price of cryptocurrencies like was seen with Dogecoin and Shiba inu.
The price of cryptocurrencies should be driven by demand and supply mechanism, but the case isn't so with the cryptocurrencies with unlimited supply. The forces of demand and supply doesn't trigger a significant price change in their prices. Maybe when the whales double their purchases, it may reflect in price.
It was made known by Whalestats that a BNB whales purchased 5,367,075 ADA tokens, which is worth $5.1 million. The purchase is very huge and it amount to half the total ADA BEP-20 tokens in the BSC wallets. That was a humongous purchases that we expected to cause a significant rise in the price of cardano ADA.
The BNB whales that made the purchase reman anonymous and that is not the first time the wallets would be making huge purchase of the BSC based tokens. I am of the opinion that whalestat is not just willing to uncover the owner of the wallet.
The price of cryptocurrencies should be driven by demand and supply mechanism, but the case isn't so with the cryptocurrencies with unlimited supply. The forces of demand and supply doesn't trigger a significant price change in their prices. Maybe when the whales double their purchases, it may reflect in price.
It was made known by Whalestats that a BNB whales purchased 5,367,075 ADA tokens, which is worth $5.1 million. The purchase is very huge and it amount to half the total ADA BEP-20 tokens in the BSC wallets. That was a humongous purchases that we expected to cause a significant rise in the price of cardano ADA.
The BNB whales that made the purchase reman anonymous and that is not the first time the wallets would be making huge purchase of the BSC based tokens. I am of the opinion that whalestat is not just willing to uncover the owner of the wallet.
