Two Crypto Wallets Withdraw Over $190M from Binance, Lookonchain Report

A recent crypto wallet activity has raised the eyebrows of the market onlookers. As per Lookonchain, a prominent on-chain analytics providing platform, 2 exclusive wallets reportedly redeemed assets of above $120 million and $69.56 million worth from the popular exchange Binance. The analytics company disclosed the respective development on its official account on the social media platform X.

This whale/institution also bought 1,162 $BTC($69.56M).

Another fresh wallet withdrew 1,162 $BTC from #Binance 2 hours ago.

They were both created 6 days ago and made test transactions with #Binance.

Address:
bc1qdtmav38lca8yu3rrcknnqx5242cckgxqws7m72https://t.co/Inz6wa8z33 pic.twitter.com/sFbZNXOJqi

— Lookonchain (@lookonchain) July 3, 2024

New Wallet Extracts Several Crypto Assets of up to $120M Worth from Binance

In its recent X posts, the firm noted that one of the wallets conducted the withdrawal of several digital assets. According to Lookonchain, the list of the assets takes into account the stablecoin $USDT as the top crypto token. The wallet reportedly withdrew $USDT of almost 40.7 million. In addition to this, it also redeemed 9,425 $ETH. The respective figure equals a value of up to $30.15 million.

A fresh wallet withdrew more than $120M worth of assets from #Binance 2 hours ago.

Including:
40.7M $USDT
9,425 $ETH($30.15M)
957.77B $PEPE($9.84M)
583.78B $SHIB($9.68M)
16,192 $BNB($9M)
58.15M $DOGE($6.95M)
438,721 $RNDR($3.17M)
5.18M $MATIC($2.81M)
3M $FTM($1.59M)
9.49B… pic.twitter.com/lOrROZzVYl

— Lookonchain (@lookonchain) July 3, 2024

Apart from that, another asset that stands in the 3^rd spot in terms of value was $PEPE. The wallet withdrew 957.77 billion $PEPE tokens. This amount equals $9.84 million. Moreover, the wallet extracted the meme coin $SHIB. 583.78 billion extracted $SHIB tokens accounted for $9.68 million. Additionally, the wallet also redeemed BNB (the native token of Binance). 16,192 $BNB coins equaled up to $9 million.

Furthermore, the wallet extracted 58.15 million $DOGE coins which had a value of nearly $6.95 million. The list goes on with the withdrawal of 438,721 $RNDR tokens with a value of up to $3.17 million. Along with that, the wallet reportedly redeemed $2.81 million worth of $MATIC.

Another New Wallet Redeems 1,162 $BTC while a Whale Purchases 1,162 $BTC

The $FLOKI tokens which the wallet redeemed accounted for $1.56M in value while $LINK tokens equal $1.5 million worth. $AVAX and $GRT tokens accounted for $1.05M and $556K worth respectively. Another new wallet extracted 1,162 $BTC, equaling $69.56 million while a whale purchased 1,162 $BTC.