FlowDesk Moves $27.9 Million in Ether and Chainlink to Binance

According to on-chain analyst Ai Yi, a Flowdesk-linked address sent 63,250 ETH worth about $135 million to Binance within 24 hours, adding to previously reported transfers involving ETH and LINK.

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Summary

A Flowdesk-linked address deposited 63,250 ETH to Binance over the past 24 hours, worth about $135 million at an average price of $2,145, according to on-chain analyst Ai Yi on March 25. This marks a substantially larger transfer than the earlier reported movement of 6,088 ETH and 1.62 million LINK, valued at about $27.9 million, identified by The Data Nerd around March 24. The source describes Flowdesk as a French firm focused on market making, OTC, and asset management services for institutions, centralized exchanges, and crypto projects. No reason for the transfers was provided.

Terms & Concepts
  • ETH: The native cryptocurrency of Ethereum, a blockchain network that supports smart contracts and decentralized applications.
  • On-chain analyst: A researcher or tracker who examines public blockchain transaction data to monitor wallet activity and token movements.
  • OTC: Over-the-counter trading, where assets are bought and sold directly between parties rather than through a public exchange order book.