Cobo's Estimated Address Deposits 520 BTC to Binance

IconCrypto News Terminal23 Apr, 2024

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Cobo's Estimated Address Deposits 520 BTC to Binance

On-chain analyst ai_9684xtpa analyzed via X that "An estimated address of crypto custody and asset management service Cobo deposited 520 BTC ($34.85 million) to Binance 2 hours ago." He added that "This indicates that a whale using Cobo might have entrusted the service to liquidate their BTC holdings." Previously on April 22, 2024, "On-chain analyst ai_9684xtpa analyzed via X that "An estimated address of crypto custody and asset management service Cobo deposited 520 BTC ($34.85 million) to Binance 2 hours ago." He added that "This indicates that a whale using Cobo might have entrusted the service to liquidate their BTC holdings."

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