{"id":565306,"date":"2023-12-13T22:00:08","date_gmt":"2023-12-13T22:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=565306"},"modified":"2024-06-11T14:43:14","modified_gmt":"2024-06-11T14:43:14","slug":"mega-bull-run-whale-over-780-million-stablecoin-binance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/mega-bull-run-whale-over-780-million-stablecoin-binance\/","title":{"rendered":"Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stablecoin To Binance"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Data Nerd Data on December 13\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/OnchainDataNerd\/status\/64096480\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">shows<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that over the past 24 hours, the wallet &#8220;0xea8&#8221; moved 200 million BUSD from Binance, the world&#8217;s leading cryptocurrency exchange by client count. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The whale transfer caught the attention of keen crypto users, who also noted that the transfer was soon followed by a deposit of 99.95 million FDUSD, a stablecoin supported by the exchange.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Whale Address Accumulating FUSD Stablecoin On Binance<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">That the address is shuffling and accumulating large amounts of stablecoins is noteworthy. Data Nerd Data shows that the address has transferred over 781 million FDUSD to Binance in the last four months. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">During this period, from around September, the crypto market has been recovering, edging higher on the back of improving fundamental factors.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-1079-4-68-trillion-shib\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">The accumulation of over $781 million of stablecoin by the wallet controlled by an unknown individual or entity is overly bullish for crypto and Bitcoin prices. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It could suggest that a large institutional investor or group of investors is amassing stablecoins, potentially preparing for a significant market move. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Historically, large movements of stablecoins into centralized exchanges have often preceded major bull runs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Stablecoins are vital for crypto, ensuring there is enough liquidity. Since most are pegged to the USD and can be backed by fiat, these tokens, mostly minted on Ethereum or Tron, are often used as a gateway to crypto. Therefore, their accumulation can signal increased institutional interest and potential buying pressure.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Is A Mega Bitcoin And Crypto Rally In The Making?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">That the wallet address is fortifying its FDUSD base reinforces the notion that institutional investors, ahead of the possible approval of the first batch of <a href=\"https:\/\/wncen.com\/news\/bitcoin\/sec-could-approve-multiple-bitcoin-etfs\/\" target=\"_blank\" rel=\"noopener \">Bitcoin ETFs<\/a> in the United States, could be increasingly warming up and preparing for leading coins like Bitcoin and Ethereum to extend gains in 2024.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">When writing on December 13, Bitcoin and top altcoin prices are relatively stable. To illustrate, Bitcoin is trending higher, stable above the $41,000 level after pulling back from 2023 highs of around $44,000. Crypto participants are bullish and expect Bitcoin prices to float even higher in 2024 before halving.<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/BvIqHccF\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/BvIqHccF\/\" alt=\"Bitcoin price trending upward on the daily chart | Source: BTCUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">Bitcoin price trending upward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/BvIqHccF\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Binance will stop supporting BUSD in 2024. The exchange has also delisted USDC. Accordingly, USDT and FUSD are popular on Binance. However, the exchange continues to be on the Securities and Exchange Commission&#8217;s (SEC) crosshairs.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cardano\/santiment-points-trigger-65-cardano-rally\/\" target=\"_blank\" rel=\"noopener \">Santiment Points Out Trigger Behind 65% Cardano Rally<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">In late November, the Department of Justice (DOJ) issued a $4.3 billion penalty on Binance as settlement with the SEC, Commodity Futures Trading Commission (CFTC), and other aggrieved agencies in the United States. The deal also saw Changpeng Zhao, the founder of Binance, step down from the CEO role.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Data Nerd Data on December 13\u00a0shows\u00a0that over the past 24 hours, the wallet &#8220;0xea8&#8221; moved 200 million BUSD from Binance, the world&#8217;s leading cryptocurrency exchange by client count. The whale transfer caught the attention of keen crypto users, who also noted that the transfer was soon followed by a deposit of 99.95 million FDUSD, a stablecoin supported by the exchange. Whale Address Accumulating FUSD Stablecoin On Binance That the address is shuffling and accumulating large amounts of stablecoins is noteworthy. Data Nerd Data shows that the address has transferred over 781 million FDUSD to Binance in the last four months. During this period, from around September, the crypto market has been recovering, edging higher on the back of improving fundamental factors. Related Reading: Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB The accumulation of over $781 million of stablecoin by the wallet controlled by an unknown individual or entity is overly bullish for crypto and Bitcoin prices. It could suggest that a large institutional investor or group of investors is amassing stablecoins, potentially preparing for a significant market move. Historically, large movements of stablecoins into centralized exchanges have often preceded major bull runs.\u00a0 Stablecoins are vital for crypto, ensuring there is enough liquidity. Since most are pegged to the USD and can be backed by fiat, these tokens, mostly minted on Ethereum or Tron, are often used as a gateway to crypto. Therefore, their accumulation can signal increased institutional interest and potential buying pressure. Is A Mega Bitcoin And Crypto Rally In The Making? That the wallet address is fortifying its FDUSD base reinforces the notion that institutional investors, ahead of the possible approval of the first batch of Bitcoin ETFs in the United States, could be increasingly warming up and preparing for leading coins like Bitcoin and Ethereum to extend gains in 2024.\u00a0 When writing on December 13, Bitcoin and top altcoin prices are relatively stable. To illustrate, Bitcoin is trending higher, stable above the $41,000 level after pulling back from 2023 highs of around $44,000. Crypto participants are bullish and expect Bitcoin prices to float even higher in 2024 before halving. Binance will stop supporting BUSD in 2024. The exchange has also delisted USDC. Accordingly, USDT and FUSD are popular on Binance. However, the exchange continues to be on the Securities and Exchange Commission&#8217;s (SEC) crosshairs.\u00a0 Related Reading: Santiment Points Out Trigger Behind 65% Cardano Rally In late November, the Department of Justice (DOJ) issued a $4.3 billion penalty on Binance as settlement with the SEC, Commodity Futures Trading Commission (CFTC), and other aggrieved agencies in the United States. The deal also saw Changpeng Zhao, the founder of Binance, step down from the CEO role. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":563798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,428,679,78790,84032,1265,1946,78803,90857,3799,16680,10263],"class_list":["post-565306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-bitcoin","tag-bitcoin-price","tag-btcusdt","tag-busd","tag-cftc","tag-ethereum","tag-ethusdt","tag-fusd","tag-sec","tag-usdc","tag-usdt"],"acf":[],"yoast_head":"\n<title>Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stablecoin To Binance<\/title>\n<meta name=\"description\" content=\"Crypto whale has accumulated over $780 million of FUSD stablecoin on Binance. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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Whale Transfers Over $780 Million Of Stablecoin To Binance","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/mega-bull-run-whale-over-780-million-stablecoin-binance\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/mega-bull-run-whale-over-780-million-stablecoin-binance\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Bitcoin.jpeg?fit=2500%2C1667","datePublished":"2023-12-13T22:00:08+00:00","dateModified":"2024-06-11T14:43:14+00:00","description":"Crypto whale has accumulated over $780 million of FUSD stablecoin on Binance. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is A Mega Bull Run Incoming? 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