After Binance announced the addition of Scroll ($SCR) to its Launchpool, four major crypto whales moved quickly to take advantage of the opportunity.
They borrowed a combined 195,500 $BNB, valued at $112.4 million, from the Venus platform and deposited it into Binance to participate in $SCR farming.
The largest borrower, wallet address 0x1e7f, took out a loan of 65,000 $BNB ($37.34 million), while 0x5c18 borrowed 52,000 $BNB ($29.9 million). Additionally, addresses 0xcd40 and 0x2d87 borrowed 39,500 $BNB ($22.7 million) and 39,000 $BNB ($22.4 million), respectively.
After #Binance announced #Scroll($SCR) on Binance Launchpool, 4 whales borrowed 195,500 $BNB($112.4M) from #Venus and deposited it to #Binance to participate in farming.
0x1e7f borrowed 65K $BNB($37.34M).
0x5c18 borrowed 52K $BNB($29.9M).
0xcd40 borrowed 39.5K $BNB($22.7M).… pic.twitter.com/bdtLdqYV5C— Lookonchain (@lookonchain) October 9, 2024
A recent analysis of the Binance Launchpool for Scroll reveals a few key insights. Notably, Scroll allocated nearly 30% of its initial circulating supply to Launchpool, making the mining returns on the new token particularly attractive. It was also found that BNB mining yields far surpass those of FDUSD, encouraging participants to favor BNB for mining activities.
新鲜出炉的 Binance Launchpool( $SCR) 分析⚡️ 整理了本期挖矿的 BNB & FDUSD 资金收益率，懒人版总结如下👇
– Scoll 给到 Launchpool 近 30% 的初始流通量，使得本次新币挖矿收益很可观
– BNB 挖矿收益明显高于 FDUSD
– 作为首个上线现货盘前交易的项目，价格很有看头 https://t.co/GfMVSj5tOp pic.twitter.com/ROwdMSgwDq— Ai 姨 (@ai_9684xtpa) October 8, 2024
The total supply of Scroll tokens is capped at 1 billion, with an initial circulation of 190 million. Of this, Binance Launchpool has allocated 55 million $SCR, which represents a substantial 28.94% of the initial circulating supply—a generous allocation for new coin mining.
The daily distribution quota is set at 23,375,000 $SCR for BNB farmers, accounting for 85% of the total, while FDUSD participants receive 4,125,000 $SCR daily. This ratio follows the standard allocation seen in previous Launchpool events.
With Scroll being the first project to enter pre-market trading, its price appears highly attractive to investors, making participation in its mining event even more compelling for BNB holders.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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