Back

Whale 0x9eC9 Withdraws 10.86 Million CHIP Worth $1.26 Million From MEXC and Binance

According to Lookonchain (blockchain analytics tracker), the transfers by whale 0x9eC9 took place over the past 12 hours on April 23.

Summary

Whale 0x9eC9 moved 10.86 million CHIP tokens valued at $1.26 million out of MEXC and Binance over a 12-hour period on April 23, according to Lookonchain (blockchain analytics tracker). Large withdrawals from centralized exchanges often indicate that a holder is shifting assets to private wallets or repositioning funds, though the source does not state the motive behind these transfers.

Terms & Concepts
  • Whale: A wallet or investor holding a large amount of crypto assets, often large enough for its transactions to attract market attention.
  • Centralized exchange: A crypto trading platform run by a company, such as Binance or MEXC, where users deposit assets for trading and withdrawals.
  • On-chain tracking: The monitoring of blockchain wallet activity and token movements using public ledger data and analytics tools.