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LSK-linked address sends 3.29 million tokens worth $3.79 million to Binance

  • LSK project-linked address deposited 3.29 million tokens to Binance.
  • 3.29 million tokens were valued at $3.79 million during the transfer.
  • LSK fell from $1.22 to $0.70 after the deposit, then rebounded to $1.17.

An address linked to the LSK project transferred 3.29 million LSK tokens, worth $3.79 million, to Binance five hours before the report, according to on-chain analyst Ai Yi. The deposit came after LSK’s first rapid decline from $2 to $1. The token then fell from $1.22 to $0.70 soon after the transfer before rebounding to $1.17.

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