PANews reported on August 16 that according to monitoring by on-chain analyst @ai_9684xtpa, an address deposited 394.123 BTC (worth 22.66 million US dollars) that was opened at an average price of 52,828 US dollars two weeks ago into Binance. If sold, it will make a profit of 1.84 million US dollars.

The address bc1q5...wt2m2 currently holds a total of 6,162 BTC, worth up to $358 million, which was accumulated from major exchanges in the past 11 months and is suspected to belong to an institution.