Best Altcoins to Buy as Nano Labs’ $9.4B $BNB Buy Sparks Market Buzz

Description

Nano Labs, a Chinese blockchain infrastructure provider, has announced its plan to buy $1B worth of $BNB, which is the native token of Binance. The company plans to ultimately hold around 5%-10% of $BNB’s total supply, around $4.7B-$9.4B. The first phase of the acquisition will involve a $500M purchase funded by the sale of convertible promissory notes. Binance, by the way, is the largest cryptocurrency exchange in the world, with daily volumes exceeding $14B. As a result, $BNB is also the fifth...