Smart Money Gains $14M in WBTC Trade, Withdraws 210K LINK from Binance

Reports from PANews and BlockBeats reveal major Binance activity with a $14M smart money WBTC trade and an ETH whale cashing out for a $7.6M profit, reflecting strong market momentum.

ETH
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WBTC

Summary

On August 10, PANews reported that smart money profited $14.26M from a WBTC trade and withdrew 210K LINK from Binance. Additionally, on August 13, BlockBeats reported that whale 0xe42...08A, who bought 6918 ETH last November at $3,613 each, transferred 2,501 ETH to Binance, valued at approximately $11.71M, thereby realizing a profit of $7.6M.

Terms & Concepts
  • Smart Money: Investors with advanced market insights who execute high-stake, strategic trades.
  • WBTC: Wrapped Bitcoin, a tokenized version of Bitcoin on the Ethereum network that facilitates interoperability with decentralized applications.
  • ETH: The native cryptocurrency of the Ethereum network, used for transactions and smart contracts execution.