New Wallet Withdraws 1,051 Bitcoin Worth $82.37 Million From Binance

According to Onchain Lens, a newly created wallet withdrew 1,051 Bitcoin worth about $82.37 million from Binance on May 1, a larger and more up-to-date reported transfer than an earlier report of 400 Bitcoin worth $30.78 million. The move represents a sizable on-chain withdrawal, or exchange outflow, from Binance to an external wallet. The source did not identify the wallet owner, explain the purpose of the transfer, or say whether it was tied to an individual, institution, or internal fund movement.

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