Whale Transfers $34.3M in WBTC to Binance, Potential Loss of $7.48M at Current Prices
An on-chain analyst reports a significant whale transfer of 378.11 WBTC to Binance, potentially liquidating holdings at a $7.48M loss, purchased at $110,504 each in late October 2025.
WBTC
Summary
An on-chain analyst, Ai Yi, reported a whale transferring 378.11 WBTC worth $34.3 million to Binance, likely liquidating its holdings. The tokens were bought between October 21–26, 2025, at $110,504 each, and the sale at current prices would result in a $7.48 million loss.
Terms & Concepts
- WBTC: A wrapped Bitcoin token that mirrors BTC’s price, allowing it to be used on Ethereum and other blockchains.