BeaverBuilder-Labeled Address Deposits $14.95 Million in ETH to Binance

IconCryptoNewsTerminal Staff12 Aug, 2024

cryptonews.jpg

BeaverBuilder-Labeled Address Deposits $14.95 Million in ETH to Binance

On-chain data analytics provider Lookonchain has detected that an address labeled as "BeaverBuild" has recently deposited 5,550 ETH to Binance. This transaction occurred approximately 3 hours ago and is valued at roughly $14.95 million. Notably, BeaverBuild is a block builder that has a history of depositing significant amounts of ETH to Binance and OKX. Over the past year, the address has transferred 14,657 ETH (approximately $39.83 million) to these exchanges. This recent deposit of $14.95 million in ETH to Binance by the BeaverBuild address is a notable event in the cryptocurrency space and may have implications for the market.