A newly created address bought 1,953 WBTC from Binance. It is suspected that Justin Sun team is exchanging BTC for WBTC.
This article is machine translated
Show original
According to the Odaily of on-chain analyst Yu Jin, after the announcement of the change of WBTC custody rights, Justin Sun address transferred a total of 2,590 BTC (US$156.41 million) to Binance. Subsequently, a newly created address on the Ethereum chain began to withdraw WBTC from Binance, and a total of 1,953 WBTC (US$117.78 million) have been withdrawn so far. In terms of time and motivation, this is likely that Justin Sun team is exchanging BTC for WBTC.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content