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Binance Token (BNB) Whales are bridging their tokens to invest in Uniglo (GLO) and Polygon (MATIC)


Whales on the Binance Chain network are said to be less aggressive than whales on Ethereum. But Binance Token (BNB) whales are looking to bridge any gaps. The first step they are taking is bridging with Ethereum to accumulate tokens like Uniglo (GLO) and Polygon (MATIC).

Binance Token (BNB)

Binance Chain is the base of many popular coins. It facilitates token swaps, decentralized money markets, and NFT markets. As such, it offers multiple opportunities for investor gains. The chain is a mainstay for many whales. In the last few months, the number of BNB whales with over 100,000 BNB coins has even increased by 84.6%.

Uniglo (GLO)

Uniglo is a new DeFi project that has caught the attention of BNB whales. Uniglo is an Ethereum-based project that will build a community asset vault. The kinds of assets that will form part of this vault include digital currencies and digitized tangible assets. The vault, in effect, will support the growing value of the GLO token. As the digital assets and NFT marketplaces expand, Uniglo investors would have a growing opportunity for wealth and fractionalized asset ownership. Additionally, whales are happy to bridge their tokens to Uniglo to take advantage of the latter’s unique double burn mechanism that could generate long-term sustainable token growth.

Polygon (MATIC)

Polygon is also Ethereum-based just like Uniglo. Polygon helps to build and connect blockchain networks on Ethereum. This project has long offered transaction speed and affordability. However, in a recent announcement, Polygon has succeeded in completing a scaling solution for Ethereum that could further accelerate the speed and efficiency of transactions. This announcement was partly the reason for the recent 70% surge in the price of MATIC.

The bottom line

Uniglo (GLO) and Polygon (MATIC) are catching the attention of crypto whales. However, as Uniglo is still in its presale period, it could achieve particularly interesting rewards and gains for small and big investors alike.

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