Whale Alert reported a record transaction of 28,000 Binance Coin (BNB), or about $514,643, to an unknown wallet.
— Whale Alert (@whale_alert) April 11, 2019
The Binance Coin transaction is certainly of a significant amount, especially since the wallet is unknown.
Binance’s CEO, Changpeng Zhao, has thus decided to respond to the tweet by addressing the doubts. That wallet, Zhao explained, belongs to the Binance Blockchain Charity Fund, which works to improve the lives of people. Zhao then invited Whale Alert to add that wallet to their database so that they could identify it in the future.
BCF has received a donation from Crypto.com, a Hong Kong company that has a diversified payment platform which includes Visa. The company also allows buying several cryptocurrencies with zero commissions, seeking to be a reference point for entering the crypto world.
To date, Binance Charity has collected over 485 bitcoins (BTC), equivalent to about £2.5 million, from 317 donors including precisely Crypto.com and then distributed them to over 3600 charities, including children’s schools.
The recent increase in the last hours of the price of Crypto.com could therefore also be due to this donation made by the company and confirmed by the CEO of Binance, demonstrating the transparency of transactions.