Massive $420 Million Bitcoin Transfer from Infamous Address: What’s Next?

  • An anonymous wallet connected to Binance executes a notable Bitcoin transfer worth $420 million.
  • The wallet has moved a total of 25,000 BTC, equivalent to $760 million, since January 30.
  • Previous transfers from the wallet have been linked to Binance, causing a 4.2% drop in Bitcoin price.

An anonymous wallet that has been making headlines with its large transfers has once again sprung into action. According to data provided by Whale Alert, the wallet recently transferred approximately 14,159 BTC, worth around $420 million, to another unknown wallet.

Continued Activity of the Anonymous Wallet

With this latest transfer, the anonymous wallet has now moved a total of 25,000 BTC, equivalent to $760 million, since January 30. It is worth noting that the wallet’s previous transfer of 5,000 BTC on January 30 resulted in a 4.2% drop in Bitcoin price.

Connection to Binance

Following a transfer of 4,451 BTC worth $135 million a few days ago, Chinese journalist Colin Wu commented on the wallet’s connection to Binance. Wu claimed that all the Bitcoin in this address originated from Binance’s hot wallets on May 25.

As of now, Bitcoin has gained 0.5% in value in the past 24 hours and is trading at $29,919.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

BLACKROCK PLANS TO TOKENIZE ETFS FOLLOWING SUCCESS WITH BITCOIN FUND: BLOOMBERG

BLACKROCK PLANS TO TOKENIZE ETFS FOLLOWING SUCCESS WITH BITCOIN...

3.047M USDC Stolen on Ethereum — Attacker Converts to ETH and Launders via Tornado (Thief: 0xf0a6c5b65a81f0e8ddb2d14e2edcf7d10c928020)

On September 11, COINOTAG reported, citing on-chain analyst ZachXBT,...

Ethereum Liquidations: Break Above $4,550 Could Trigger $1.59B Short Liquidations; Fall Below $4,350 Risks $1.01B Long Liquidations

COINOTAG, citing Coinglass analytics on September 11, reports that...

Institutions Buy 46,347 ETH ($2.044B) from FalconX — 3 New Wallets Receive Massive Transfer (Sept 11)

COINOTAG reported on September 11 that lookonchain monitoring identified...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img