🚨 $VELVET — THE CRASH WASN’T RANDOM! VELVET suffered a brutal sell-off after an extended parabolic rally triggered heavy profit-taking. With price already massively overextended, sellers stepped in aggressively and leveraged positions began getting flushed, accelerating the downside. Recent market analysis found no confirmed hack, exploit, delisting, or major negative fundamental event behind the crash.
The thin liquidity in VELVET made the move even more violent, while liquidation pressure amp...
This whale is using borrowed money to stack even more BNB. Whale 0x2160 just set up an interesting lending loop to increase its $BNB exposure.
First, it withdrew 8,474 BNB, worth around $5.9M, from Binance and deposited the tokens into Venus as collateral. Then it borrowed $2.6M USDT from Venus and sent that money back to Binance ... presumably to buy even more BNB.
So the play looks pretty straightforward: BNB to Venus collateral to borrow USDT to Binance to buy more BNB . Basically, the whale...