Giant Whale Deposits $35M in BNB to Binance – This Is Why

Blockchain intelligence company, Arkham Intelligence, set to launch ARKM token sale on Binance Launchpad

In a significant move that has caught the attention of the crypto community, a massive whale has deposited a staggering 141,835 Binance Coin (BNB) worth approximately $35 million to Binance. The deposit, made through four separate Binance accounts, has fueled speculation that the whale may be gearing up to participate in the highly anticipated Arkham (ARKM) token sale.

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The whale’s strategic maneuver stems from the imposed purchase cap of 300,000 ARKM tokens. By spreading the deposits across multiple Binance accounts, the whale aims to maximize their chances of securing a larger allocation of ARKM tokens. The details of this whale’s intentions have sent shockwaves throughout the crypto sphere.

The upcoming token sale, hosted on Binance Launchpad, represents a significant milestone for Arkham Intelligence. Binance Launchpad is a renowned platform that enables blockchain projects to raise funds and expand their visibility within the crypto market. The ARKM token sale is slated to leverage the subscription model, which allows interested participants to secure their share of the tokens.

The token sale announcement was made by Arkham Intelligence on July 10, 2023, and details regarding the subscription format and timeline were disclosed on the company’s official blog. As a blockchain intelligence company, Arkham provides comprehensive insights into real-world entities and individuals involved in crypto market activities. Its mission is to bring transparency and intelligence to the blockchain ecosystem.

At the core of the Arkham platform is the intel-to-earn system, which empowers users to request intelligence from the community by placing bounties. Bounty hunters can then claim these bounties by supplying the requested information, earning rewards in the process. The ARKM token plays a pivotal role in facilitating transactions within the Arkham platform and incentivizing user contributions to its growth and development.

The highly anticipated ARKM token sale is scheduled to commence on July 11, 2023, marking the 32nd project to launch on Binance Launchpad. The excitement surrounding Arkham Intelligence’s offering has been steadily growing within the crypto community, as participants eagerly await the chance to secure their share of ARKM tokens.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

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