- After Binance listed RPL, some comments from the cryptocurrency community suggested there may be trading instigators.
- BNB momentum remained bullish, although volume flow decreased.
Binance, backed by exchanges binance coin [BNB] Notorious For Listing Many Emerging Cryptocurrencies, Rocket Pool Added On Jan. 18 [RPL] Align with known behavior.But Decentralized World’s Largest Exchange Listing ethereum [ETH] Staking pool tokens has not been without a fuss.
read binance coin [BNB] price prediction 2023-2024
According to “smart money” analyst Lookonchain, three separate addresses bought RPL before the listing. This same set sold assets as soon as the value increased.
1/ After listing $RPL Price on binance $RPL 31% increase.
3 purchased addresses found $RPL Before going public, I sold it right after the rose and made a profit. pic.twitter.com/PE3JWwyg12
— Lookonchain (@lookonchain) January 18, 2023
finger pointing to co-conspirator
revelation raised eyebrowsAs some people point out the possibility of insider trading within the company, around the cryptocurrency community. tether [USDT] in exchange for RPL.
Within minutes, it sold back for $255,398. The other two he traded ETH for tokens, making profits of $76,000 and $318,240 respectively. Whether or not it was truly a case of insider trading remained unclear, but comments under the revelation seem to have judged the scenario as such.
However, Binance may not be able to afford to add insider trading controversy to its list of challenges.The last time the exchange took place such a problem It was 2021, but we were able to overcome the hurdles.
Recently, the US SEC confirmed that the exchange is on the radar.Also the country’s Department of Justice (DOJ) prosecution planned Binance due to suspicion of illegal funds.
However, the cryptocurrency in question can maintain the generated green bar for a long time. According to CoinMarketCap, RPL is exchange hands $33.89 at time of writing. This was after losing his 16.83% of its value in the last 24 hours.
BNB in the eyes of a watchdog
For BNB holders, when the hammer of regulation hits an exchange, it could spell doom for the coin. Following that, BNB followed his first notable market decline of 2023. Over the last 24 hours, the coin’s value has fallen by 3.91%.
how much 1,10,100 BNB What is today’s value?
On the daily chart, the Moving Average Convergence Divergence (MACD) shows BNB strength as it maintains bullish momentum. This is due to the dynamic blue line placed over the orange.
An interpretation of this stance recognizes the control of the buyer. Moreover, the MACD remains above the zero level, indicating that sellers are far from regaining their authority.
According to the chart above, the On Balance Volume (OBV) was 543.75 million. At this point, technical indicators suggest that the crowd’s sentiment on BNB is not entirely bullish as the volume flow was minimal. Therefore, BNB may have challenges in driving higher prices.