Massive Crypto Exchange Witnesses Unusual $100 Million Bitcoin Activity
In a surprising development over the past weekend, one of the world’s largest cryptocurrency exchanges experienced an unusual surge in Bitcoin (CRYPTO: BTC) activity.
What Happened: Whale Alert, a service that tracks crypto transactions, recorded a series of large transfers, indicating over a billion dollars’ worth of Bitcoin moving between wallets.
A notable transaction involved 500 BTC, equivalent to $50 million, being transferred from Binance to an unidentified wallet, followed by an almost identical return transaction of 499 BTC worth $50.9 million back to Binance.
Several other large-scale transfers were observed, with millions more in Bitcoin value being exchanged. Some transactions involved thousands of BTC being exchanged between anonymous wallets.
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