Whale Invested Tens of Millions of Dollars in the Criticized Ethereum Project

A whale transfers tens of thousands of Ethereum (ETH) withdrawn from the cryptocurrency exchange Binance to a platform that generates returns.

According to the post of the blockchain platform Lookonchain, a whale received information from Binance at night. 13,400 ETH worth $31.5 million He pulled them and deposited them into Blast.

Blast’s mainnet next year Although it is planned to be opened, the project is already accepting deposits. Thanks to the cryptocurrencies deposited on the platform Blast points are obtained. Users earn returns on their deposits.

According to DeBank data, Blast, which started accepting deposits in November, has already received Cryptocurrency worth $1.12 billion sent.

According to Lookonchain’s post, the wallet, which is thought to belong to the same whale, was transferred from Binance in the last two weeks. 33,400 Ethereum worth $75.14 million He pulled them and sent them to Blast.

Blast users until the project’s mainnet is opened. will not be able to withdraw their money. Dan Robinson, one of the researchers of Paradigm, which invested in Blast, said: However, you should start taking deposits early. Like this had criticized:

“We disagree with the decision to not open the bridge or allow withdrawals for three months without opening L2 because we believe it sets a bad precedent for other projects. We also think that much of the marketing devalues ​​the work of a serious team.”


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