According to Onchain Lens, a newly created wallet moved 720 BTC worth about $50.14 million off Binance, highlighting another large on-chain transfer from a major crypto exchange.
Odaily reported that Onchain Lens detected a newly created wallet withdrawing 720 BTC from Binance, valued at about $50.14 million. The transfer represents a larger reported movement than the previously noted 450 BTC withdrawal and indicates funds were moved from the exchange to a new external wallet. No details were provided about the wallet owner, the purpose of the transaction, or any follow-up transfers.