Lookonchain Finds Bitcoin Whale and Trend Research Sharing Same Binance Deposit Address

New on-chain analysis reveals BTC OG Whale moved over $100M in ETH and USDT through a Binance-linked address within hours, intensifying scrutiny of shared wallet activity.

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Summary

On Feb. 7, on-chain analyst Ai Yi reported BTC OG Whale transferred 10,000 ETH to a Binance-linked address. Within 30 minutes, the whale repaid loans and withdrew 55,000 ETH from Aave, ultimately moving $109 million in ETH and USDT to Binance over a 12-hour period. This follows earlier findings by Lookonchain that the same address was used by Trend Research for transferring 7.989 million USDT. The link between the whale and Trend Research remains unclear, but shared address usage suggests potential operational overlap or coordinated activity.

Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the U.S. dollar, widely used for trading and transfers in the crypto market.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum network, used for transactions and smart contract execution.
  • Binance: A major global cryptocurrency exchange platform offering digital asset trading and custody services.