BNB’s open interest surged by almost $30 million within the initial nine hours of June 5Timing is crucial in trading, and it seems that certain traders executed strategically timed sell orders for BNB tokens, anticipating the significant SEC crackdown on crypto exchange Binance on June 5.According to data from TradingView, the BNB/USDT order book on Binance experienced a notable surge in aggregated sell orders at 11:45 p.m. UTC on June 4 and 1:45 a.m. UTC on June 5.Approximately 125,000 BNB, valued at $37 million, were involved in these sell orders, coinciding with the period leading up to the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Binance. <a href="https://cryptosheadlines.com/surge-in-sell-orders-for-binances-bnb-token-preceding-sec-lawsuits/" rel="noopener noreferrer nofollow">Read More...</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

Surge in Sell Orders for Binance’s BNB Token Preceding SEC Lawsuits

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