Anonymous Whale Transfers $62.2 Million BTC to Binance

IconCryptoNewsTerminal Staff03 Jul, 2024

cryptonews.jpg

Anonymous Whale Transfers $62.2 Million BTC to Binance

Blockchain analytics provider Lookonchain reported via Twitter that an anonymous whale address deposited 1,023 BTC (about $62.2 million) into Binance recently. This transaction is part of a larger pattern of activity, as the whale has deposited a total of 1,723 BTC ($106 million) into Binance within the past 24 hours. The reasons behind these large-scale transfers remain unknown, but such movements of substantial amounts of cryptocurrency often pique the interest of market observers.