Binance Labs, the investment arm of the world’s largest cryptocurrency exchange Binance, is preparing to sell four altcoins.
Binance Labs transferred four investment project tokens worth approximately $2.79 million to Gate today, on-chain analyst EmberCN shared.
According to the analyst, Binance Labs likely made these transfers in preparation for the sale.
These tokens include 47.61 million UNA (worth around $1.27 million), 25 million PSTAKE (worth around $1.24 million), 2.85 million SIS (worth around $270,000), and 2 million HIP (worth around $7,330).
All four of these projects are among the projects invested in by Binance Labs. While Binance Labs stated that these tokens were obtained through unlocking and entitlement, it was stated that these tokens are not currently listed on Binance.
币安实验室 @BinanceLabs 应该是准备出售一部分投资项目的代币：他们在 1 小时前将 4 个所投项目的代币 (价值 $2.79M) 转进了 Gate。
具体为：4761 万 $UNA ($1.27M)、2500 万 $PSTAKE ($1.24M)、285 万 $SIS ($0.27M)、200 万 $HIP ($7.33K)。
这 4… pic.twitter.com/kHEXH9u3Oo
— 余烬 (@EmberCN) November 14, 2024
*This is not investment advice.