Whale Accumulates About $187,000,000 Worth of Bitcoin and Altcoins From Binance in Just Three Days: Lookonchain – The Daily Hodl


A crypto whale is attracting attention for going on a massive buying spree, purchasing over $180 million in digital assets within days.

According to the blockchain-tracking service Lookonchain, the deep-pocketed investor scooped up about $187 million in cryptocurrencies in three days, including Bitcoin (BTC), Binance ecosystem’s native token Binance Coin (BNB) and Ethereum (ETH).

“It seems that a whale has accumulated ~$187 million assets from Binance in the past three days, including: 2,380 BTC ($90.64 million)

172,000 BNB ($39.19 million)

16,300 ETH ($33.61 million)

200,000 SOL ($12.2 million)

530 billion SHIB ($4.4 million)

460 million IOST ($4.2 million)

1.6 million MATIC ($1.22M)

16 million CHZ ($1.16 million).”

Lookonchain says it appears the same whale had created the wallets back in June and withdrew a large number of assets from crypto exchange Binance at that time.

“All three wallets were created on June 8th and withdrew assets from Binance at the same time. Probably the same whale.”

The on-chain tracking service also notices a huge amount of stablecoin USDT being minted and flowing into crypto exchanges.

“Five billion USDT was minted on Tron and Ethereum in November. Where did all this minted USDT go?

On Ethereum, whale ‘0x1dBb’ received ~1.5 billion USDT from Tether Treasury and transferred it to exchanges.

On Tron, 2.56 billion USDT was transferred from Tether Treasury to Kraken via deposit address ‘TQef1n’.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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