Lookonchain states that two newly created wallets withdrew large amounts of BTC and ETH from Binance, sparking speculation about potential whale activity in the market.
On Feb. 8, Lookonchain reported that two newly created wallets withdrew 3,500 BTC and 30,000 ETH from Binance, with a combined value exceeding $300 million. The transactions point to possible whale accumulation, given the size and rapid execution of the withdrawals. Such activity can influence market liquidity and prices.