Mysterious Bitcoin Transfer Stuns Binance
Mysterious Bitcoin ($BTC ) transfer stuns world’s largest crypto exchangeYesterday, April 17, Whale Alert spotted a BTC transaction carrying 600 BTC worth $50,603,597 from an unknown wallet to Binance. According to blockchain data, the wallet is connected to BIT.com (Matrixport), a centralized exchange with over $101 million in total assets. The transaction moved a total of 699.9999949 BTC, with 600 BTC sent to Binance and the remaining 99.9999949 BTC returned to the Matrixport wallet. The fee for the transfer constituted 0.0000051 BTC, or roughly $0.43. The movement of such a massive amount of BTC to Binance ignited speculation of potential selling activity within the community. Although there have been no further transfers from the Binance address yet, the size and timing of this deposit have sparked discussions about its implications for the market.
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