WhaleAlert, a platform tracking significant transactions, revealed nearly $1.2 billion in binance coin (BNB) had been transferred in just 1.1 seconds with a $0.015 fee on the binance chain on June 26. The CEO of major cryptocurrency exchange Binance, Changpeng Zhao, warned that big transactions were expected, explaining that the exchange intended to split its BNB cold wallet in multiple addresses.

Zhao cited some data regarding its cost and speed following the transaction which “cost $0.015 USD in fees, took 1.1 seconds, and $1.2 BILLION in value transferred.” He continued saying, “The future is here.”

The exact amount of binance coins transferred was 32,888,888 BNB. One Twitter user noted that several eights are considered lucky in Chinese numerology. Zhao replied, “It sort of signals it’s not a hack, hackers will drain a wallet and not go for a lucky number.”

Binance recently moved 9,001 bitcoin to back its BTC-backed token on binance chain. Meanwhile, Cointelegraph reported trading pairs for USDSB had been listed on Binance Chain-based decentralized exchange Binance DEX earlier this week.

Binance’s chief financial officer, Wei Zhou, also mentioned that the company’s first stablecoin is expected to launch on the platform “in a matter of weeks to a month or two.” According to Zhou, the token will be dubbed Binance GBP, which will be fully backed by reserves of British pounds, as CoinDesk reports.

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