Binance Labs Might Be Offloading PERP, Price Reacts
Binance Labs, the Venture Capital arm of Binance Exchange might be offloading PERP, the native token of the Perpetual Protocol. Data from crypto analytics provider Spot on Chain reveals that Binance Labs deposited a total of 750,000 PERP worth approximately $784,000 hours before writing. The tokens were sent to Binance at an average price of…