In the last few hours between purses of the largest trading volumes of crypto currency exchange Binance move large amounts of cryptocurrency.
The largest transactions have on Binance Coin (BNB), a native token exchange:
911,032 $BNB ($9,875,586.88 USD) transferred from #Binance to Unknown wallet Tx:https://t.co/iH4RvBugvI
— WhaleWatch.io (@whalewatchio) 25 fierce 2019 R.
Also, considerable sums are transferred to BTC and ETH:
1,708 $BTC ($6,517,830.48 USD) Unknown transferred from wallet to #Bitfinex Tx:https://t.co/4YjWXtSokg
— WhaleWatch.io (@whalewatchio) 25 fierce 2019 R.
80,888 $ETH ($11,355,057.44 USD) Unknown transferred from wallet to #Binance Tx:https://t.co/BYBF0AtmcI
— WhaleWatch.io (@whalewatchio) 25 fierce 2019 R.
Many members of the crypto community expressed surprise and concern over the multimillion-dollar movements of funds:
WTF
— Bitcoiner (@Ernestger03) 25 fierce 2019 R.
What would be the reasons ??
— Jake (@iSpiThey) 25 fierce 2019 R.
It coolly responded the head of Binance, Chanpen Zhao. He retweeted his old post, which refers to the movement of funds between the cold wallets.
We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and BACK TO an existing wallet, then a large transaction. No need to be alarmed. Funds are #SAFU.
— CZ Binance (@cz_binance) 20 Zhovtnya 2018 R.
“No need to worry. Funds are #SAFU”
Recall Binance for the first time faced a record load, due to a sharp jump in trading volumes.
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