Binance Receives Massive Deposit from Mystery Whale

• Crypto whales are coming forward to show their support for the exchange.
• A crypto whale has deposited 20 million USDT to show its trust in the crypto exchange.

Binance, the world’s largest crypto exchange, has faced a lawsuit by the U.S. Securities and Exchange Commission (SEC). The SEC accused the crypto exchange Binance and its CEO, Changpeng Zhao, of selling unregistered securities. However, the exchange has received a lot of support from the crypto community to stand against the SEC.

Recently, Justin Sun, former TRON CEO, has raised his support for Binance CEO CZ. Following that, the crypto whales are coming forward to show their support for the exchange. The support has marked by significant deposits into the exchange. It signals the crypto community’s strong vote of confidence in Binance. 

Whales Expressing Their Support for Binance

Lookonchain, the on-chain analyst, reported that the crypto whales were continuously depositing into the exchange to show their support. Recently, a crypto whale withdrew 20 million USDT from Aave and deposited it on Binance.

According to the report, the crypto whale once withdrew 10 million USDC from the exchange after the SEC filed charges against it. Now the same crypto whale has deposited 20 million USDT to show its trust in the crypto exchange. Crypto whales are coming forward to express their support during the exchange’s challenging period. 

This significant support comes at a crucial time for Binance. The crypto whales are not only showing their trust in the crypto exchange but also their belief in Binance’s ability to defend itself against the SEC charges. The support from the whales is expected to boost the exchange’s position in the legal battle against the SEC.