The qianbaidu.eth wallet deposited 25.75 million USDT to Binance and withdrew 7,500 ETH, worth about $20.5 million, within 30 minutes on September 29, according to on-chain analytics firm Hupzy, formerly known as Spot On Chain. CoinNess said the activity appeared to represent accumulation: the USDT was exchanged for spot ETH before the tokens were moved to a self-custodied wallet. The transfer is separate from activity involving a newly created wallet beginning 0x487, which was reported as withdrawing a combined 14,836 ETH from Binance and OKX over nine hours that day, valued at about $39.73 million. The transactions do not establish either wallet's ownership, purpose, or future trading plans.