Bitcoin whales withdrew $125 million from Binance

by in Cryptocurrency News

Bitcoin whales

Over the past day, increased activity has been recorded in the BTC network. The whales conducted 10 transactions with a total volume of 29,986 BTC ($287.9 million), according to the analytic service Whale Alert.

Three transactions in the amount of 13,049 BTC ($125.7 million) were sent from the Binance to anonymous addresses. Four more transfers in the amount of 10,294 BTC ($99.1 million) were made from unknown wallets on the Binance and OKEx. The last 3 transactions were conducted between addresses on exchanges and custodial services.

The largest transaction at 5864 BTC ($56.4 million) was made from an anonymous wallet on Binance. The smallest volume of 1143 BTC ($11 million) was sent from the Xapo exchange to an unknown address.

Related: Bitcoin whales undergoing institutional accumulation?

Recall in May a transaction worth 47,835 BTC was seen on the bitcoin network. It cost only $1.44. Bitcoin Block Bot noticed the transaction. The transfer was equal to $417 million. Bitcoins were received at the address taking 16th place in the total amount of funds. You can read more about this in our article.