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The very healthy Shiba Inu (SHIB) wallet has joined the bullish trend of Tron (TRX) and Kasba (KAS) holders. This week, the “leader” of the Shiba army swapped over $5 million worth of Shiba to buy the new altcoin BNB-Chain before the sale.
This move was tracked through the Bitnance presale Ethereum wallet addresses. [transaction here].
The swap took place on August 21. Over 5 million Shiba Inu were converted into Ethereum (ETH), which was then used to make a purchase via Official website for selling Bitnance coin.
So far, this Shib Inu trader is the largest buyer in the ICO that has been tracked. The purchase secured just over 2,050 BTN tokens for the undercover investor.
There are 99 days left until the “flash” pre-sale ends on December 1st.
$BTN is currently selling for $0.357 [cents]It will be listed on the CEXES exchange at a +30% higher price of $0.456. [cents].
Bitnance token will launch on its first cryptocurrency exchange on or before December 6.
Betnans It is a very “exclusive” token, and will have less than half of the total supply of Bitcoin. The project developers expect to launch a crypto product with the token, if pre-sales reach their ceiling of 5.6 million tokens sold.
The launch of BNB-Chain continues the trend of disrupting Bitcoin’s stronghold as a store of value. Since the cryptocurrency is supposed to “decentralize” banking through peer-to-peer digital finance, some believe that $BTC’s power needs to be diluted a bit to avoid a monopoly.
An alternative store of value to Bitcoin was launched on the Ethereum network just a few months ago. Its value surged by more than 300% the day it was listed on Uniswap, and has since been picked up by more than 6 cryptocurrency exchanges.
It is possible that Solana networks, and perhaps even Arbitrum, will have alternatives for storing value on the way as well.
Bitnance’s launch of BNB-Chain came as a surprise to some but to many, it was expected and welcomed with a “red carpet” treatment.
Bitnance’s Reddit followers have risen to over 200, indicating that interest is growing daily.
Bitnance token presale numbers are also trending upward, with the number of tokens sold daily steadily increasing.
The +30% profit that would be made from buying a token in the presale might not be the same in a few days if the buying trend continues. ICOs usually run different buying rounds. These rounds are “capped” when investors buy a certain number of tokens. The cost of the token increases as each round closes.
See the latest updates on Bitnance X’s official profile — @Btnance Token.
