Binance Coin whales holding 100,000 or more BNB have increased from 26 to 48 in 6 months

By Selena On Feb 19, 2021

According to data from Santiment, the number of Binance Coin whales holding over 100,000 BNB has grown 84.6% over the past 6 months. Furthermore, the number of investors in BNB also increased from 26 to 48 during the aforementioned period.

Binance Coin whales holding 100,000 or more BNB have increased from 26 to 48 in 6 months

The report stated:

Tracking whale behavior for hundreds of #crypto assets is one of the biggest benefits for our Sanbase PRO members. Keep a close watch on which assets are showing whale accumulating (or dumping) by signing up here today! https://t.co/nPukA3FFrV

— Santiment (@santimentfeed) February 17, 2021

In an earlier analysis, it can be seen that the number of daily transactions on the Binance Smart Chain has exceeded Ethereum. Examining the metrics once again shows that Binance Smart Chain processed 2.124 million transactions in the last 24 hours. In the case of Ethereum, the network processed 1,258 million transactions.

Calculated, the number of daily transactions on the Binance Smart Chain has nearly doubled that of Ethereum.

The CEO of Binance, CZ, shared this milestone via the following tweet:

There are almost 2x more transactions on #BSC than on ETH.

If you want more users for your Dapp, you need to be on #BSC now. pic.twitter.com/ZYnbFOVysc

— CZ ? Binance (@cz_binance) February 18, 2021

High network activity is accompanied by a corresponding increase in the blockchain network’s native token. In the case of Binance Smart Chain, BNB printed a new all-time high of $ 199.67, up 57% from yesterday’s low of $ 127.

The huge gains shown by Binance Coin (BNB) are also due to increased trading activity on decentralized exchange PancakeSwap. The second platform is currently the second-largest DEX in terms of trading volume as highlighted by CZ again via Twitter.

Just a matter of time now. Kudos to @PancakeSwap ??? https://t.co/lutijNZwQZ

— CZ ? Binance (@cz_binance) February 18, 2021

Chances are, Binance Coin will continue to thrive throughout the year as more DApps built on Binance Smart Chain are attracted by the lower fees compared to Ethereum.

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