Binance Transferred the Two Altcoins It Invested in to the Stock Exchange! Will it sell?

Binance, the world’s largest cryptocurrency exchange, is widely talked about with its altcoin investments.

At this point, Binance’s venture capital arm, Binance Labs, is investing in many altcoin projects.

Two of these altcoins were HOPR and Stepn (GMT). However, it appears that Binance Labs has started selling these two altcoins.

Because Lookonchain said in its post that Binance Labs (labeled Nansen) deposited 96.67 million HOPR worth $3.7 million to the Gateio exchange 9 hours ago and 7.5 million GMT worth $1.05 million to Binance.

Lookonchain also added that Binance Labs led a $1 million strategic investment round in HOPR and has also invested in GMT.

“Binance Labs (labeled Nansen) deposited 96.67 million HOPR worth $3.7 million to the Gateio exchange and 7.5 million GMT worth $1.05 million to Binance 9 hours ago.

Binance Labs is investing in GMT while leading a $1 million strategic investment round in HOPR.”

Binance Labs leads strategic $1M investment round in #HOPR.https://t.co/qEJM7PQz2N

And Binance Labs makes strategic investment in #STEPN.https://t.co/V2PWbTOeFj

— Lookonchain (@lookonchain) October 20, 2023

*This is not investment advice.

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