Binance Labs Transfers $2.79 Million in Tokens, Including 47.61 Million UNA, to Gate Exchange

In a significant move within the cryptocurrency sector, COINOTAG reports that Binance Labs has recently transferred a total of $2.79 million worth of tokens from four of its invested projects to Gate Exchange. The transaction, occurring just one hour ago, includes 47.61 million UNA valued at approximately $1.27 million, 25 million PSTAKE priced at $1.24 million, 2.85 million SIS worth $270,000, and 2 million HIP tokens. It is noteworthy that these tokens were acquired through investment unlocking and have yet to be listed on the Binance platform. This strategic transfer could signal Binance Labs’ ongoing commitment to fostering innovation among its investment portfolio while also enhancing liquidity options for these emerging projects. As the crypto market evolves, such movements by reputable entities can have tangible effects on market sentiment and token valuations.