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Metalpha-Linked Wallet Moves 27,000 ETH Worth $62.78 Million to Binance

According to Lookonchain and Onchain Lens, wallets linked to Metalpha sent large Ethereum deposits to Binance, including transfers of 27,000 ETH and 8,771 ETH, drawing attention to potential treasury or trading activity.

ETH

Fact Check
The core claim — that a Metalpha-linked wallet moved 27,000 ETH worth $62.78 million to Binance — is directly confirmed by the original Lookonchain X post (2052386283155259738), which includes Arkham blockchain explorer links to the specific on-chain wallet address. This is independently corroborated by Odaily News, PANews (both English and Chinese editions), Phemex News, CryptoNews.net, and Coin Bureau, all citing the same Lookonchain source and consistent figures. The 8,771 ETH figure mentioned in the claim's summary likely refers to a secondary transfer reported in a separate Odaily/PANews flash (links 479931 and 019e05f9) that could not be fully fetched, but the primary 27,000 ETH / $62.78M transfer is robustly verified. The slight uncertainty (5%) reflects the inability to independently verify the secondary 8,771 ETH transfer detail and the fact that on-chain attribution to 'Metalpha' relies on Arkham's labeling rather than a direct Metalpha statement.
Summary

Blockchain trackers reported significant Ethereum transfers from wallets linked to Metalpha to Binance. Lookonchain said a Metalpha-associated wallet moved 27,000 ETH, worth about $62.78 million, to the exchange within the past hour, while Onchain Lens, cited by Odaily, reported a separate deposit of 8,771 ETH, valued at about $20 million, from wallet 0x1d7...86a7. The source materials do not state the purpose of the transfers or confirm whether any sale occurred, but such exchange inflows are commonly monitored for signs of portfolio rebalancing, liquidity management, or trading activity.

Terms & Concepts
  • Ethereum: A blockchain network that supports smart contracts and its native token, ETH.
  • On-chain transfer: A cryptocurrency transaction recorded directly on a blockchain, allowing wallet and exchange movements to be publicly tracked.
  • Centralized exchange: A trading platform operated by a company, such as Binance, where users deposit crypto to buy, sell, or hold assets.