What is this testing? Is it going to pull or smash?
Lookonchain: The same entity is behind the address that withdrew $120 million in altcoins today and 1,162 BTC
On July 3, Lookonchain posted on social media that the address that withdrew $120 million in altcoin assets from Binance today and the address that withdrew 1,162 BTC are the same entity. They were both created 6 days ago and tested transactions with Binance.
BlockBeats previously reported that a newly created address withdrew $120 million worth of crypto assets from Binance 2 hours ago, mainly including 40.7 million USDT, 9,425 ETH, 957.77 billion PEPE, 583.78 billion SHIB, etc.
Another address withdrew 1,161.8 BTC (about $69.56 million) from Binance 2 hours ago, with an average price of $59,867.