BNB has seen a recent surge following Binance's announcement of the Scroll (SCR) project on its Launchpool.
This announcement has caught the attention of major investors, with four whales making substantial purchases totaling 195,500 BNB tokens, valued at over $112.4 million. These purchases were facilitated through loans from the Venus platform, according to data from Lookonchain.
Now trading at $571, BNB briefly hit $617 in September 2024 before a market crash in early October pushed it back below $540. However, BNB is back in the green, gaining 4.41% on the weekly charts.
Market analysts are optimistic, predicting that a breakout could propel BNB towards the $650 mark, a potential 14% increase. However, this surge may seem small compared to the explosive potential of the new PropFi token, FXGuys.
