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According to LookIntoChain monitoring on September 19, a Matrixport-affiliated custodial wallet transferred 88,434 ETH to Binance roughly four hours ago, valued at approximately $402 million at prevailing market rates.
LookIntoChain’s data indicates the wallet initiated a preliminary 100 ETH test transaction shortly before the larger transfer, a standard on-chain operational check to validate address routing and settlement mechanics prior to high-value movements.
Market participants routinely track significant on-chain deposits to centralized exchanges for indicators of liquidity and custody flows; this report is limited to verifiable on-chain observations from LookIntoChain and does not speculate on motives or off-chain arrangements.
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