A Look at Binance Blockchain Week
If you’re interested in the world of blockchain and web3, you’ll want to keep an eye on Binance Blockchain Week, which kicks off tomorrow, Nov. 8. Ahead of the event, Lookonchain, an X account known for tracking whale movement, reported some impressive price surges for five tokens associated with Binance. According to Lookonchain, BNB saw an 18% increase, TWT rose by 77%, CAKE soared by 95%, XVS had a 43% uptick, and APX led the charge with an impressive 178% growth.
Notable Tokens and Purchases
Of particular interest are Trust Wallet (TWT), a mobile cryptocurrency wallet acquired by Binance in 2018, and Pancake Swap, a decentralized exchange built on the Binance Smart Chain with $1.484 billion in TVL. Notable purchasers include wallet 0x8945, which withdrew 1 million TWT or $1.63 million when the token was priced at $1.22.
Market Share and Trading Volume
Data from 0xScope released on Nov. 6 showed that Binance’s market share had decreased to 51.2% after a 10% drop in trading volume.
Hot Take: What to Expect at Binance Blockchain Week
Binance Blockchain Week is shaping up to be an exciting event for those involved in blockchain and web3 technologies. With the surge in prices for Binance-associated tokens and the notable purchases being made, there’s plenty of anticipation for what this event will bring to the industry.
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