- BNB Receives 10% of EURI Supply from Whale, Sparking Stablecoin Sell-Off Fears
- Despite being regulated under the EU’s MiCA framework, the euro-pegged stablecoin remains vulnerable to large holder actions and market dynamics.
A sudden and sizable movement of Eurite (EURI) tokens has sent shockwaves through the crypto community, raising alarms about a potential sell-off. On-chain analytics platform Santiment has flagged a transaction involving nearly 10% of EURI’s total supply being moved to BNB—one of the largest centralized exchanges in the world.
EURI, a euro-pegged stablecoin issued by Banking Circle S.A. under the European Union’s MiCA (Markets in Crypto-Assets) regulatory framework, currently trades at $1.15—above its intended €1.00 peg. While slight deviations are not uncommon, the uptick could signal underlying liquidity constraints or exchange-specific pricing irregularities.
Also read: Angry Pepe Fork Gains Traction as Kaanch Network Ignites 2025’s Hottest Crypto Presal
The implications of the whale transfer are being closely scrutinized by market analysts. Historically, large token movements to centralized exchanges precede aggressive selling. For assets with relatively low market caps—like EURI, which stands at $50.9 million and ranks 521st by market capitalization—such events can introduce immediate and intense volatility.
Despite its regulatory backing, the recent move underscores a critical vulnerability even in compliant stablecoins. EURI’s strict adherence to MiCA ensures full reserve backing, third-party audits, and redemption transparency. Yet, these safeguards may do little to protect short-term price stability when market confidence is shaken by whale activity.
The token, which operates on Ethereum and BNB Smart Chain, plays a growing role in European DeFi ecosystems and cross-border payments. However, its recent visibility now comes with heightened scrutiny. The incident illustrates that regulation alone cannot shield assets from market dynamics—particularly when large holders act without warning.
MiCA is steadily reshaping Europe’s digital asset landscape, pushing platforms like Binance, Coinbase, and Gemini toward regulatory alignment. Still, as the market matures under this new regime, the EURI situation serves as a cautionary tale: even regulated tokens remain vulnerable to concentration risks.
The community is now watching Binance closely. Whether the transferred tokens are sold or simply repositioned could determine EURI’s near-term price trajectory. Until then, the specter of a potential dump looms over a stablecoin that, by design, was meant to offer exactly the opposite—stability.