Beta Finance Transfers Significant BETA Coins to Binance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Significant Transfer to Binance: The Beta Finance team transferred approximately $7.37 million worth of 170 million BETA coins to Binance, representing 17% of the total supply, which has raised concerns and speculations within the cryptocurrency community.
Market Impact Concerns: Investors are worried about potential price drops due to this large transfer, although some analysts suggest it may be for liquidity or strategic purposes; meanwhile, BETA coin's trading volume has decreased despite a slight price increase.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
