On April 25, 2025, Binance moved 25,177 BTC from one of their wallets. While the size of the transaction raised questions, all evidence suggests this was an internal movement, not a user withdrawal. Confirmation expected in Binance’s May 1st Proof of Reserves report.
What Happened?
- Date: 2025-04-25
- Block: #893894
- BTC Moved: 25,177 BTC
- USD Value: ~$2.36 billion
- Likely Nature: Internal wallet reorganization (not an outflow)
These movements are important to track because this size can affect market perception of traders, and the liquidity on exchanges.
Why This Looks Internal?
- One output address is already known to be owned by Binance (Proof of Reserves).W- The second output address is newly created but has a 90% probability of being Binance-controlled.
- No clear signs of external withdrawal or user movement.
- Likely done for compliance/security (e.g., to avoid concentration of funds in one address).
Statistics for the Nerds
- Transaction Hash: `49c99b45152a56580e70604b87faef8567abf4e69e09b78f79da85bf05c80210`
- Input Address: `3PXBET2GrTwCamkeDzKCx8DeGDyrbuGKoc`
Amount: 45,177.38813160 BTC
USD Value: $4,234,476,137
- Output 1: `1Pzaqw98PeRfyHypfqyEgg5yycJRsENrE7`
Amount: 20,000 BTC
USD Value: $1,874,599,800
Status: Known Binance wallet
- Output 2: `32BgTv3NSYbMsBTwDbNNN2GKZPCTJSkqDv`
Amount: 25,177.38812659 BTC
USD Value: $2,359,876,337
Status: New address, highly likely Binance-controlled
Written by maartunn
