PANews reported on August 6 that according to monitoring by on-chain analyst Ember, a whale who withdrew 720.75 WBTC from Binance at an average price of $26,134 per coin in August 2023 sold 190 WBTC on the chain in the past 14 hours in exchange for $10.47 million in stablecoins at an average price of $55,111.

The whale currently holds 380 WBTC, worth approximately $21.11 million.