Two New Wallets Withdraw $45.72 Million in Bitcoin from Binance

On February 25, data from OnchainLens showed two new wallets moved 687.72 BTC worth $45.72 million from Binance, reflecting notable on-chain fund transfers.

BTC

Summary

On February 25, OnchainLens reported that two newly created cryptocurrency wallets withdrew 687.72 BTC from Binance, with a total value of approximately $45.72 million. The transfer involved significant Bitcoin holdings and highlights notable movement of funds from one of the world's largest cryptocurrency exchanges to new wallets.

Terms & Concepts
  • BTC: The abbreviation for Bitcoin, the first and most widely used cryptocurrency.
  • Binance: A major global cryptocurrency exchange offering trading, withdrawals, and other digital asset services.
  • Wallet: A digital tool for storing, sending, and receiving cryptocurrencies, secured by cryptographic keys.