Editor's PiCK
"Large Amount of First Digital USD Deposited to Binance... A Positive Signal"
Son Min
Summary
- The large deposit of FDUSD to Binance is considered a positive signal.
- One of the deposits, amounting to $9 million, corresponds to 2.33% of the total FDUSD supply.
- The deposit of stablecoins by whales can stimulate a price increase across the market.
A large amount of First Digital USD (FDUSD) has been deposited to Binance.
On the 27th (local time), Santiment reported on X that "there have been 7 deposits totaling at least $9 million (approximately 13.3 billion KRW) to Binance in the last 24 hours," adding that "one of these deposits is worth $50 million, which accounts for 2.33% of the total FDUSD supply." It further stated, "This appears to be for participation in Binance's new launch pool project," and noted, "The deposit of stablecoins by whales can be a positive signal that may drive a price increase across the market."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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