The approaching Binance Blockchain Week for this year, a highly anticipated event in the cryptocurrency world, has coincided with a surge in Bitcoin's value.

Scheduled for November 8th and 9th, the two-day Binance Blockchain Week Istanbul 2023 conference is just around the corner.

Interestingly, some prominent cryptocurrency whales appear to be gearing up for this event well in advance. According to insights provided by the cryptocurrency analysis firm Lookonchain, BNB's price has surged by roughly 10% in the past week. This increase appears to be somewhat independent of the movements of Bitcoin and most other altcoins, which only saw gains of 1.85% and 5% for BTC and Ethereum, respectively, during the same period.

Based on the data, it seems that a cryptocurrency whale has taken a notable position in anticipation of the event. Over the last three days, this substantial whale withdrew 22,319 BNB (equivalent to $5.6 million) from Binance and has set its sights on earning passive rewards through staking on decentralized exchanges like Biswap and Pancakeswap.

A closer look at the whale's cryptocurrency wallet reveals that the majority of their assets are held on the BNB chain. In fact, the whale has a total of $26 million in cryptocurrency assets on the BNB chain, and nearly all of it has been staked. Specifically, the whale's wallet boasts $6.4 million in the BTCB-BNB pool and approximately $500,000 in the DOGE-BNB pool.