A large transaction is noticed on Binance before listing a trading pair.

in cryptocurrency •  6 years ago 

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On March 7, the Binance Bitcoin Exchange, leading in terms of trading volumes, was transferred to 333,539,853 IOST ($ 2.666 million). Shortly thereafter, IOST / BNB and IOST / USDT trading pairs appeared on the platform. As a result of the listing, the price of the asset rose by more than 15% when compared with the quotes on the day of the transfer.
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CoinMarketCap data

Note that two days before the listing, the exchange also announced the distribution of tokens 10,000 BNB to those traders who will conduct the largest number of purchase / sale transactions from IOST until March 28.

Thus, if on March 7 the daily trading volume did not exceed $ 13 million, and in the following days it fell to $ 4– $ 6 million, then on March 20 the figure reached $ 30.6 million. On the day of listing, the volume amounted to $ 60.7 million
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