Investors are expressing apprehension following news that Daniel Wang, the creator and former CEO of Loopring, a decentralized exchange protocol, transferred a significant portion of the system’s token, LRC, to Binance, the leading cryptocurrency exchange platform. This move has contributed to a decline in the token’s value, which had experienced a 5% increase over the past week but dipped by nearly 2% today. According to data from spotonchain, Daniel Wang (@daniel_taikoxyz) deposited 34.88M $LRC ($8.41M) to Binance at a price of $0.241 just a few hours ago. These tokens were received from the Loopring Foundation on December 29, 2023. Daniel
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