Binance co-founder He Yi said most of the large transfers drawing attention were internal wallet movements, specifically from Binance cold wallets to a new Binance hot wallet. She made the comment in response to X user yurihanachan98, who had asked about several large transfers after seeing another user’s post discussing major Binance transactions. The question centered on which whales might be involved in transfers worth hundreds of millions of dollars. He Yi’s reply framed the activity as wallet reallocation within Binance rather than identifying outside whale entities. The statement was reported by ChainCatcher.
Binance co-founder He Yi said most of the large transfers in question were moved from Binance cold wallets to a new Binance hot wallet.
He Yi made the comment while replying to X user yurihanachan98. The user had asked about several large transfers under another user’s post discussing major Binance transactions, including which whales were involved in transfers worth hundreds of millions of dollars.
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