Just minutes ago, Binance announced that it had first selected the Banana Gun (BANANA) altcoin for the airdrop program and would then list it.
However, onchain data shows that a giant cryptocurrency whale purchased $500,000 worth of BANANA 5 days before Binance’s announcement. However, with the increase in the price of the altcoin, it is seen that the whale wallet gained approximately 106 thousand dollars in minutes.
It is unknown whether this happened by chance or was carried out by an insider. However, the profit rate in question is extremely low for this type of transaction.
At the time of writing, the cryptocurrency whale has only BANANA tokens in his wallet, apart from $650 worth of ETH.
Binance had designated the BANANA altcoin as the first altcoin of the Binance Airdrops Portal platform.
Balina wallet first transferred the USDT tokens it used to purchase BANANA to the cold wallet via the cryptocurrency exchange Kucoin, and then purchased a large amount of BANANA through the decentralized exchange UniSwap on the Ethereum network.
*This is not investment advice.
