Mike Alfred Raises Brow on Heavy Pressure Sale of BNB Tokens By CoinEdition

• Mike Alfred takes to Twitter to highlight someone has been holding the price up of BNB.
• The founder of BrightScope speculates that someone is aiming to maintain the price to be solvent.
• BNB currently stands in 4th position by the market cap with a trading value of $302.65.

Founder of BrightScope and Digital Assets Data, Mike Alfred, has taken to Twitter to highlight that someone has been holding the price of Binance’s native token BNB up. In the same tweet, Alfred speculated that whoever is behind this is aiming to maintain the price to be solvent.

Heavy selling pressure on BNB but someone is working really hard to hold the price up. I wonder who that could be. Would have to be someone who needs the BNB token to have value in order to stay solvent. Nobody immediately comes to mind.

— Mike Alfred (@mikealfred)

The post Mike Alfred Raises Brow on Heavy Pressure Sale of BNB Tokens appeared first on Coin Edition.

See original on CoinEdition