Binance's Scroll Token Launch Sparks Community Discontent Over 5.5% Allocation; 195,500 BNB Borrowed Worth $112.4 Million

The recent announcement by Binance regarding the listing of the new token, Scroll (SCR), has sparked dissatisfaction among community members. Specifically, the Scroll community is unhappy with the decision to allocate 5.5% of its new token supply to Binance's platform. This move is seen as part of a broader trend where the inflated valuations of tokens are necessary to attract investors. Following the announcement, significant activity was noted as four major investors borrowed a total of 195,500 BNB, valued at approximately $112.4 million, from the Venus platform to participate in farming on Binance. The borrowing included 65,000 BNB worth $37.34 million, 52,000 BNB worth $29.9 million, and 39,500 BNB worth $22.7 million, indicating a strong interest in the token despite concerns over its valuation, which some analysts consider to be excessively high at over $3 billion.