$BTC
New Whale Wallet Moves 500 BTC from Binance in Under an Hour—Over $52 Million Transferred
On-chain analytics platform Lookonchain has reported a significant crypto transaction involving a newly created wallet. Within the span of just one hour, the wallet withdrew 500 BTC—equivalent to roughly $52.26 million—from Binance, the world’s largest cryptocurrency exchange.
The move is sparking speculation within the crypto community, as such large-scale transfers often signal potential whale accumulation or a shift toward cold storage for enhanced security. With the market closely watching whale behavior, this development could be an early indicator of bullish sentiment or strategic repositioning.
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