What kind of test is being conducted? Is it trying to pull up or dump the market?

According to Lookonchain, a total of $120 million worth of altcoins were withdrawn from Binance today, and the entity behind the address that withdrew 1,162 BTC was the same. These addresses were created 6 days ago and tested transactions with Binance.

Earlier reports pointed out that a newly created address withdrew a total of $120 million worth of crypto assets from Binance two hours ago, including 40.7 million USDT, 9,425 ETH, 957.77 billion PEPE, 583.78 billion SHIB, etc.

Another address withdrew 1,161.8 BTC from Binance two hours ago, with an average price of $59,867.