Some activity in the Binance-Hot wallet may indicate Binance is gearing up to list HIVE
If all the excitement surrounding the Huobi and MXC listings wasn't enough, we may get the ultimate heavyweight listing HIVE in the near future as well.
Browsing through the Binance-Hot wallet recently, it looks like there is finally some activity after a month or so of nothing at all...
Check it out:
(Source: @binance-hot/transfers)
It looks like a couple transfers possibly testing out the wallet functionalities.
And in my opinion, testing likely means one thing...
A soon to be listing.
While it is entirely possible they end up not listing HIVE, I think this activity in their Hot wallet is pretty good circumstantial evidence that they are planning on listing HIVE in the near future.
If we thought the Huobi listing was big news, we haven't seen anything yet...
Binance has been the largest, or one of the largest, crypto exchanges for the last couple years.
They routinely do some of the most volume of any exchange, especially in regards to altcoins.
A Binance listing would be the ultimate in exposure for HIVE.
It may be even bigger than a Coinbase listing... I can't believe I actually said that out loud.
Also of note, it appears they are almost half way through their power down cycle, which is good news in its own right:
(Source: @binance-hot/transfers)
My guess is that this has something to do with why they haven't airdropped the HIVE coins yet, over half of them are still powered up.
The only issue that may pop up from a listing is if Justin Sun did accumulate a large amount of STEEM and therefore HIVE just prior to the snapshot/airdrop as he would have most likely had them parked on the Binance exchange.
Either way though, the positivity of a Binance listing for HIVE far outweighs any short term selling Justin Sun may or may not want to do.
HIVE literally couldn't ask for a better chain of events than it has going for it right now. It's quickly climbing the ranks on Coinmarketcap in terms of valuation.
And I would imagine a Binance listing will only further bolster that momentum.
Stay informed my friends.
-Doc