"Large Amount of First Digital USD Deposited to Binance... A Positive Signal"

Source=Santiment Capture

A large amount of First Digital USD (FDUSD) has been deposited to Binance.

On the 27th (local time), Santiment reported on X that "there have been 7 deposits totaling at least $9 million (approximately 13.3 billion KRW) to Binance in the last 24 hours," adding that "one of these deposits is worth $50 million, which accounts for 2.33% of the total FDUSD supply." It further stated, "This appears to be for participation in Binance's new launch pool project," and noted, "The deposit of stablecoins by whales can be a positive signal that may drive a price increase across the market."