A user transferred BitTorrent Token from an unknown wallet to a wallet on Binance. The user sent 1.65 billion BTT, worth approximately $1.04 million [$1,045,068].
— Whale Alert (@whale_alert) May 5, 2019
The transfer took place at 03:16 UTC, on May 5. The sender, at press time, had no tokens in balance, however, the wallet had 0.1 TRX.
Interestingly enough, the receiver has a total of 280 million in Tron [TRX]. In addition to TRX, the receiver had a massive collection of BitTorrent Tokens; a total of 39.11 billion BTT, among other tokens. The user had approximately 41 trillion ‘TESTTWO’ tokens, 1 trillion ‘like’ tokens, 1 billion ‘TronKey’ tokens, and more.
BitTorrent is a TRC-10 utility token based on the TRON blockchain to foster faster speed on the world’s largest decentralized application. In addition, the official website for BTT stated:
“BitTorrent Speed enhances the BitTorrent protocol for all users and all torrent clients. BitTorrent (BTT) tokens can be bid in exchange for faster downloads. Tokens will be stored in a built-in wallet and can be exchanged for TRON (TRX) tokens through a decentralized exchange.”
The token is listed on a few prominent exchanges in the space, including Binance, Bittrex, OKEX, Huobi HitBTC, and Bithumb, among others. BTT, at press time, was priced at $0.0006 and had a market cap of $131 million. The token was ranked 50 on CoinMarketCap.
A Twitter user @crazeonc tweeted:
“Someone planned to unload his BTT airdrop at binance coz that’s the shit coin ”
Another Twitter user @barirayban commented:
“No Justin, don’t dump on your followers..”
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