Binance records huge $194m Tron (TRX) withdrawal – crypto.news

Category: Binance

An unknown whale transferred 1,999,000,000 Tron tokens (TRX) worth $194 million.

According to on-chain analytics, the whale transferred a large amount from the Binance cryptocurrency exchange to an unknown wallet.

At the time of publication, the price of TRX remained virtually unchanged. When writing, the token trades at $0.09753, down 0.94%.

Last week, three wallets the same owner could own moved 6,500 BTC for the first time in six years. Bitcoins arrived at these three addresses on Nov. 5, 2017.

Some BTC came from an address marked on bitinfocharts asF2Pool, which may belong to early miners.

Meanwhile, Binance continues to experience billions of dollars in outflows that began last year. Since November, several billion dollars worth of cryptocurrency assets have been withdrawn from the crypto exchange, according to Dune data.

The latest large-scale wave of withdrawal of crypto assets occurred after a lawsuit by the US Securities and Exchange Commission (SEC).

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Binance records huge $194m Tron (TRX) withdrawal - crypto.news

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November 9th, 2023
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