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500,000 Tezos Deposited Into Binance: Staking or Dump Impending?

Around 500,000 Tezos (XTZ) was just deposited into Binance. The reason may be due to staking, which was released by Binance last week for Tezos.


A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.


Many are speculating that the deposit is an indication that more big players will be depositing Tezos into Binance. The leading cryptocurrency exchange announced zero-fee staking on its platform six days ago. The rewards for staking are distributed on the 20th of every month and make the entire process much easier. As one user put it, “free staking is sending customers to Binance.” Read More...

500,000 Tezos Deposited Into Binance: Staking or Dump Impending?
Is Tezos (XTZ) in for a huge dump?

#XTZ