In recent weeks, whales have been actively accumulating UNI, MKR, and AUCTION tokens on Binance, achieving substantial profits.
Whale Activity Heats Up
Analysis shared on March 17 by smart money tracker Spot on Chain shows that address '0xace' bought 374,333 UNI for $2.3 million and 1,735 MKR for $2.06 million on Binance within 18 hours. Meanwhile, another trader, '0xEc1,' acquired half a million AUCTION tokens valued at nearly $14 million. These acquisitions have led to a 26% control of the AUCTION token supply.
DEX Volume Surge
Interest in decentralized exchanges is growing, as evidenced by BNB Chain's trading volume reaching $1.64 billion, surpassing Ethereum and Solana. Other top networks include Base and Arbitrum. PancakeSwap led BNB with $1.558 billion in daily volume.
Future Plans
BNB Chain plans to implement gasless payments, faster blocks, and AI innovations by 2025, enhancing trading volumes.
Whale activity and increasing DEX volumes highlight the significance of decentralized finance in modern crypto-economic space.
