Whale Withdrawals from Binance Include 80,000 SOL and 1,320 BTC
Lookonchain monitoring shows two separate large withdrawals from Binance, with one dormant address moving 80,000 SOL and another address withdrawing 1,320 BTC worth about $119.6 million.
BTC
SOL
Summary
Lookonchain reported two notable whale withdrawals from Binance. A previously dormant whale withdrew 80,000 SOL worth about $10.87 million, while a separate whale address (bc1q57) withdrew 1,320 BTC worth approximately $119.6 million on January 10. Both moves were tracked through on-chain monitoring.
Terms & Concepts
- Whale: A holder controlling a large amount of cryptocurrency, whose transfers or trades can influence market sentiment and liquidity.
- BTC: Bitcoin’s native cryptocurrency used for value transfer on the Bitcoin network.
- Binance: A major centralized cryptocurrency exchange where users can trade, deposit, and withdraw digital assets.