Explosion! A new wallet suddenly withdraws over $4.5 million in "altcoins"! Binance's big move sparks market discussions
On November 28, according to monitoring data, a newly created wallet withdrew over $4.5 million worth of altcoins from Binance within an hour. Specifically, the wallet withdrew 60 billion SHIB (about $1.52 million) and 150 billion PEPE (about $2.94 million) in one go. The total amount of this transaction reached $4.46 million, drawing widespread attention from the market.
Why choose to withdraw such a large amount of SHIB and PEPE at this time? What motives lie behind it? Does it mean that there are large funds positioning themselves behind these altcoins, or is it a precursor to some larger market movement? This undoubtedly raises many speculations.
From a technical perspective, such a massive withdrawal may bring short-term fluctuations to the market and could pave the way for the next move. Although SHIB and PEPE are popular altcoins, their price volatility is significant, which raises the question of whether funds are preparing for higher-risk short-term operations, warranting our continued attention.
Regardless of whether it is individual investors or institutional funds engaging in wash trading, such market dynamics cannot be ignored. If you haven't caught up with this wave of capital flow, be sure to follow Lao Chen, keep pace with the market, and accurately seize investment opportunities!
