Just now, a friend asked, the bn wallet has new rules, it should be good news for bnb, why did it rise a bit and then stop? It's been a while since the announcement, and there are currently no bullish candlestick patterns. As of now, there's no way to directly reflect this on the candlestick chart based on the news.
1. Carefully study the rules, which require that the account has funds within 7 days. This discourages borrowing small accounts from relatives, like your wife or friends. Previously, after participating in a new listing, funds were withdrawn, and with known funds being zero, it directly excludes a large group of people.
2. Some of the above accounts might have a small amount of gas fees remaining, but such funds are less than 100 dollars. Not to mention, it’s rare to have more than 100 dollars in the bn account, so another batch is excluded.
3. For active users, whether in their wallets or bn accounts, the funds must exceed 100. Moreover, the funds have been stagnant for at least 7 days, so this portion of people won't affect participation in new listings.
4. There are also some people who have money in their accounts, but they borrow for new listings. It’s estimated that it’s still the same as before; those who borrowed would miss out.
In summary, this rule is merely aimed at curbing the behavior of those exploiting loopholes. In fact, it is suggested that this rule should keep changing to leave them puzzled about how to act, thereby continuously hitting those who try to exploit.
Now let’s talk about why it hasn’t risen. Those who can trade have bnb, and those who can't are borrowing. Ultimately, the number of people who can't borrow is limited. After all, anyone participating holds more than three; they are all bnb holders and might lend a little to others?
Those who genuinely do not meet the requirements cannot participate in buying bnb now, so it can’t be reflected in the candlestick chart. Of course, if the officials force a pump, then forget I said anything, haha.
