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CZ: 'the future is here' as Binance transfers $1.2B in BNB in 1 second for $0.01

Image from Coincodex

Thu, 27 Jun 2019, 03:41 am UTC

Over the past few months, crypto whales – described as those who have out-sized cryptocurrency stakes – have been transferring a colossal amount of cryptocurrencies around the crypto space.

The latest movement was on June 26 wherein an estimated $1.2 billion in binance (BNC) coin was transferred in 1.1 seconds on the Binance Chain, charging only $0.015 transaction fee, according to a data published by WhaleAlert.

Tweeting that “the future is here,” Binance CEO Changpeng Zhao warned that more big transactions are expected as the cryptocurrency exchange intends to split its BNB cold wallet into several addresses.

The exact amount of Binance coins transferred was 32,888,888 BNB. One Twitter user was quick to point out that 8 is just the same number in Chinese numerology. In Chinese culture, a figure with several eights is considered lucky.

Zhao replied, “It sort of signals it’s not a hack, hackers will drain a wallet and not go for a lucky number.”

A recent study conducted by Chainalysis found that one-third of the ether in the world is owned by 376 people. Ether whales reportedly hold 33% of the circulating supply in 2019.

Also, just recently, Singapore-based cryptocurrency exchange KuCoin announced that it has listed Binance’s native token Binance Coin (BNB).

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  • Bitcoin (btc) $49,092.00 (+3.91%)
  • Ethereum (eth) $1,563.74 (+6.38%)
  • Cardano (ada) $1.23 (-4.92%)
  • Binance Coin (bnb) $252.98 (+9.97%)
  • Tether (usdt) $1.00 (+0.19%)
  • Bitcoin (btc) $49,092.00 (+3.91%)
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