🚨 Large Asset Withdrawal by New Wallet 0x4fd: Potential Binance Cold Wallet?
A newly created wallet, 0x4fd, has made significant withdrawals from Binance in the past 3 hours, totaling approximately $120 million. This activity suggests it could be a cold wallet for Binance.
Withdrawal Details:
Total Value: ~$120M
Assets Withdrawn:
USDT: 40.7M
ETH: 9,425 ($30.15M)
PEPE: 957.77B ($9.84M)
SHIB: 583.78B ($9.68M)
BNB: 16,192 ($9M)
DOGE: 58.15M ($6.95M)
RNDR: 438,721 ($3.17M)
MATIC: 5.18M ($2.81M)
FTM: 3M ($1.59M)
FLOKI: 9.49B ($1.56M)
LINK: 104,128 ($1.5M)
FET: 840,776 ($1.06M)
AVAX: 39,141 ($1.05M)
GRT: 2.76M ($556K)
Address Information:
Address: 0x4fdfe365436b5273a42f135c6a6244a20404271e
Creation Date: June 27, 2024
Activity: First major withdrawal from a CEX
Possible Implications:
Cold Wallet Hypothesis: Given the large and varied asset withdrawal, this wallet could be a cold wallet for Binance, used for securely storing funds offline.
Market Impact: Such movements may indicate internal shuffling of assets by Binance rather than market-driven activity.
📊 This development warrants close monitoring for further asset movements or confirmations of the wallet's purpose.