A BNB whale has sold 10,000 BNB coins at $230 each, earning $2.3 million, while still holding 15,000 coins worth approximately $3.5 million. The whale had accumulated Binance's coin two years ago, making $47.5 million at that time, and transferred 10 BNB to SafeMoon, receiving 100 trillion SafeMoon tokens, which they mostly dumped for 110,000 BNB.

The sale comes after the SEC sued Binance, Binance.US, and their owner for allegedly breaking securities laws, causing the price of BNB to fall by over 22% in the last seven days. Binance and Coinbase have seen outflows and declining crypto prices, with over $2.5 billion in net outflow from Binance and a 78% decline in market depth from Binance.US.