Matrixport-Linked Whale Deposits 2,000 BTC Worth $180 Million to Binance

Blockchain data reveals a whale wallet moved 2,000 BTC to Binance after acquiring 5,000 BTC from Matrixport earlier in December at around $92,710 per coin.

BTC

Summary

A whale wallet identified as bc1qsz deposited 2,000 BTC (valued at $180.33 million) to Binance, according to Lookonchain. The wallet had previously obtained 5,000 BTC (worth $463.55 million) from Matrixport on December 4 and 5 at an average price of $92,710 per BTC.

Terms & Concepts
  • BTC: Abbreviation for Bitcoin, a decentralized digital currency operating without a central bank.
  • Binance: A major global cryptocurrency exchange offering trading, investment, and blockchain services.