Wallet Sells 3.6 Million ETHFI After Withdrawal From Binance

Wallet Sells 3.6 Million ETHFI After Withdrawal From Binance

An on-chain report says six suspected Binance Life token operator wallets withdrew 57.88 million tokens from Binance, with related holdings reaching 116.9 million tokens, or about 11.7% of supply.

ETHFI

Fact Check
The main supporting evidence is the fetched PANews article titled '疑似控盘者近20小时共提出5788万枚币安人生,链上持仓达总量11.7% | PANews', which matches the user’s statement closely on all key figures: six wallets, 57.88 million withdrawn, 116.9 million total holdings, and about 11.7% of supply. However, this is still a secondary media report citing EmberCN rather than a directly fetched primary source. The Odaily link did not corroborate the same claim because its traced upstream source was a different Lookonchain post. Additional corroboration attempts via web and X search returned no usable results in this run. So the claim is supported, but not as strongly as it would be with the original analyst post or direct on-chain records.
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Summary

An on-chain report said six addresses suspected of being linked to Binance Life token operators withdrew 57.88 million Binance Life tokens worth about $9.37 million from Binance over the past 20 hours. The same report said the group may also have withdrawn another 59 million tokens in late February. Based on the reported addresses, total on-chain holdings reached 116.9 million tokens, equivalent to about 11.7% of the token’s total supply.

Terms & Concepts
  • Binance: A cryptocurrency exchange where users can trade, deposit, and withdraw digital assets.
  • On-chain: Refers to data and activity recorded directly on a blockchain, such as wallet balances and token transfers.