A Bitcoin whale with nearly $600 million in BTC has deposited a large amount of its coins to Binance, the largest crypto exchange in the world.
According to blockchain tracking firm Lookonchain, a whale that’s been dormant for the past eight months sent over $74.3 million in Bitcoin to Binance and still holds on to $597.55 million worth of BTC.
“A whale that had been dormant for eight months transferred 2,000 BTC ($132.41 million) to a new wallet [on Thursday], then deposited 1,100 BTC ($74.34 million) into Binance.
This whale currently holds 8,900 BTC ($597.55 million).”
Lookonchain also has its radar locked on crypto giant Grayscale. According to the firm, Grayscale shed $77.34 million worth of BTC on Friday but is still holding on to nearly $22 billion worth of Bitcoin to back its exchange-traded fund (ETF).
“Grayscale decreased 1,154 BTC (-$77.34 million) and currently holds 326,859 BTC…
