Anonymous Whale Address Deposits $265 Million Worth of Bitcoin to Binance in 7 Days
CryptoNewsTerminal Staff05 Sep, 2024
Anonymous Whale Address Deposits $265 Million Worth of Bitcoin to Binance in 7 Days
An anonymous whale address has been on a Bitcoin depositing spree, adding a total of 4544 BTC (worth approximately $265 million) to Binance over the past seven days. This recent deposit of 380 BTC (valued at $21.34 million) was made just four hours prior to the analysis by blockchain analytics firm Lookonchain. This substantial accumulation of Bitcoin by a single entity suggests the potential for market volatility or large-scale trading activity. It is worth noting that there could be various reasons behind such a significant transfer, and further analysis may shed light on the whale's intentions.
