500,000 Tezos Deposited Into Binance: Staking or Dump Impending

[nanaimogold]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

[watergold]

Although there is already a deposit of XTZ to Binance and it does not affect the price and there will not be a dump if it is transferred to Binance only for staking.
Tezos is currently up 6% and is likely to go up again if it's for staking at Binance.

[masterrex]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

That's quite intriguing me so far (Dump or Staking) will the two scenarios is not far to happen, just take note that crypto liquidity is high during holidays, its december people is needing funds for the season, that's why 500K XTZ might be destined for liquidity or maybe i'm wrong.   

[betty11]

Either way can happen dumping or stalking if dumping, it's their money and that is okay, but why will person just want to dump now? I want to believe it's for stalking. Holders of Tezos can be on the look out.

[Iyeman]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

That's quite intriguing me so far (Dump or Staking) will the two scenarios is not far to happen, just take note that crypto liquidity is high during holidays, its december people is needing funds for the season, that's why 500K XTZ might be destined for liquidity or maybe i'm wrong.   

But i believe if the owner will be dumping the token and look at the history of the transaction on that address
https://tezblock.io/account/tz1dSKuVWpw95oKDGpM6mfkku2afskcukCr1

he was dumping it several times. And what already sent to the binance will be dumped by the whales.

[Javi_Anibarro]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

That's quite intriguing me so far (Dump or Staking) will the two scenarios is not far to happen, just take note that crypto liquidity is high during holidays, its december people is needing funds for the season, that's why 500K XTZ might be destined for liquidity or maybe i'm wrong.   

I have the same feeling. I think it will be used as liquidity if we are looking at its transaction history: https://tezblock.io/account/tz1dSKuVWpw95oKDGpM6mfkku2afskcukCr1
The transaction came from Gate.io to that address and then that address sent it to Binance.

[JeffBrad12]

Even if it's for the dumping it will just affect tezos anyway and the daily volume trading for this coin is approximately 65mln from coinmarketcap there's really nothing to worry about. But, I'm not really sure if the sender moves his tezos to Binance just for staking because that just doesn't likely seem to be the case here.

[tsaroz]

Deposit from external wallet to an exchange mostly means the depositor is about to sell off the coins. The exception are generally the staking reward or airdrop or facilities for holding coin for which there are no current offer for tezos. We could soon see a dump in price of Tezos.

[CjMapope]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

my GUESS would be staking, Tezos is easy money for whales now as major places like coinbase and binance are offering shared staking pools
hehe that whale alert is a really cool twitter (bot?). im gonna follow it.   reminds me of the REKT bot, man people build cool things

[SolarWindMiningCompany]

Deposit from external wallet to an exchange mostly means the depositor is about to sell off the coins. The exception are generally the staking reward or airdrop or facilities for holding coin for which there are no current offer for tezos. We could soon see a dump in price of Tezos.

LOL. This might not be the case in Tezos anyway. Tezos has really come a long way and I doubt they would do anything to jeopardise their opportunity to even get further up on coinmarketcap. So my guess will be Staking. I have been noticing more and more Staking activities from whales with Tezos since coinbase affiliation. So let's hope for the best and not panic

[yangongear]

Dumping is absolutely not the right thing to do now when the market conditions are very bad, and I think selling XTZ right now will not have a good price. So I think the number of XTZ transferred to that binance is for Staking.

[tartibaya]

Tezos price started to rise. Binance again made a positive impact for a coin. Binance's influence may not last long. Price movements should not be believed. If you have a profitable position it is good to do a little sales I think. I joined the ICO of Tezos.

[plast555]

Tezos is indeed the most popular cryptocurrency of recent times. Especially since they entered Coinbase, its price has been continually increasing. We can say that it is moving firmly. But I'm not quite sure which reason makes them so investable, and I wonder what the answer is.

[jacafbiz]

No one outside the exchange can determines what this is all about. I think this is the negative side of exchanges offering stake program and not trying to separate it form their exchange business, staking is becoming a big thing now and the probability is of staking is higher since there was no dumped in price

[batang_bitcoin]

These kind of activities always become a hot trending topics all over the internet world for crypto people. Well, the market just dumped a bit today so that means that guy sold it already? actually, it's not a matter for us anymore if the guy will sell or stake those deposited tezos on Binance. It's his asset so we shouldn't care about it anymore. This can be an indicator for traders that are looking for some signs of what's the possible next scenario of the charts but this shouldn't be our concern anymore.

[PrivacyBob]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

the Whales lately dont let any coin to pump
as soon as a coin starts to pump they manipulate it back down
still good profits made , i think its good time to sell PART of the XTZ , and to wait and see whats coming next

[lighpulsar07]

These whales still manipulating the market and its annoying but anyway, one thing is certain there that the whale is going to dump it because there is no reason to deposit huge amount of XTZ since exchanges aren't the safest to hold cryptocurrencies since they are prone to hacking

[sorrros]

Thanks for report, now it is important to watch the next steps if you are holding Tezos. Because if whale dump 500 000 coins at once it could mean that he knows more than us and something bad is coming. 

[nanaimogold]

A deposit into Binance may be an indicator of what’s to come. One user just deposited some 500,000 XTZ ($800k) into Binance from an unknown wallet. The deposit set off Whale Alert (@whale_alert), which notified its followers of the transfer earlier today.

https://beincrypto.com/500000-tezos-deposited-into-binance-staking-or-dump-impending/

the Whales lately dont let any coin to pump
as soon as a coin starts to pump they manipulate it back down
still good profits made , i think its good time to sell PART of the XTZ , and to wait and see whats coming next

Well I just got of my coin check app and lo and behold, Tezos has done over 13 percent since this post. Obviously, all indicators now points to Staking. I personally doubt Tezos will risk the fame and position they have built over the year to be on top 10 coinmarketcap over a couple of million dollars

[VanDeinsberg12]

Dumping is absolutely not the right thing to do now when the market conditions are very bad, and I think selling XTZ right now will not have a good price. So I think the number of XTZ transferred to that binance is for Staking.

I ask you now, why that whale was sending a lot of tezos coin in the past. If that whale has an intention to staking and why didn't he become a delegate as he was holding more than few million dollars worth of tezos coin.
that doesn't make sense to see that.
I guess with a lot of proof from the address we can take a conclusion about that. that whale is leaving the market right now.
I believe he was taking his profit.