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The BNB crypto token is creating fairly the bustle throughout the cryptocurrency universe following Binance’s latest money laundering probe.

Simultaneously, a big whale exercise caught the eyes of crypto market fans because it collected notable quantities of BNB as of as we speak, November 22.

The whale accumulation of BNB comes after Binance’s settlement with the US Department of Justice (DoJ).

Whale Accumulating BNB

According to latest market information supplied by Lookonchain, a platform providing on-chain metrics, following the settlement between Binance and the US DoJ, a whale, beforehand identified for accumulating BNB, as soon as once more amassed important quantities of BNB.

As per the information, the whale collected 2,732 BNB, amounting to $646 thousand as we speak, November 22. Furthermore, the identical whale, accumulating BNB at worth lows, stockpiled a complete of 17,152 BNB at a mean of $253 since May 10.

The aforementioned on-chain metrics caught the eyes of crypto market fans primarily as a consequence of Binance’s ongoing cash laundering saga. BNB, or the Binance coin, is a cryptocurrency jacked and backed up by Binance, one of many world’s leading cryptocurrency exchanges.

As a results of the cash laundering chronicle, the change’s credibility and reliability in dealing with important quantities of cryptocurrencies has come underneath scrutiny.

Also learn: Will Binance Founder Changpeng “CZ” Zhao Face Prison Time?

BNB Price Report

As of writing, the BNB price witnessed a considerable downfall of 9.62% over the previous twenty-four hours, reaching $234.07 as we speak. Furthermore, the buying and selling quantity witnessed a big soar of 58.68% over the previous day.

The BNB worth crash appears to fall consistent with Binance’s latest DoJ settlement, the place Binance pleaded responsible and agreed to pay over $4 million to resolve the DoJ’s investigation into violations associated to the Bank Secrecy Act (BSA), failure to register as a cash transmitting enterprise, and the International Emergency Economic Powers Act (IEEPA).

On the opposite hand, over the previous twelve hours, roughly $288 million price of Bitcoin departed the change, portraying March 2023 market ranges.

Also learn: Analyst Predicts Bitcoin Signals Stable OI Amid Binance Lawsuit

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