New Wallet Withdraws 2,500 BTC Worth $164M from Binance

New Wallet Withdraws 2,500 BTC Worth $164M from Binance

N
News Editor
2026-06-22 15:01:14
A newly created wallet address withdrew 2,500 Bitcoin (BTC) from Binance, valued at approximately $164 million, according to Onchain Lens.
BitcoinWhale TransferOn-Chain DataBinance

According to on-chain monitoring firm Onchain Lens, a recently created wallet address has withdrawn 2,500 Bitcoin (BTC) from the Binance exchange. At current market prices, the total value of this transfer is approximately $164 million. Large-scale withdrawals like this often indicate whale investors are moving assets to cold storage or preparing for other operations.

After the withdrawal, the address now holds 2,500 BTC with no further outgoing transactions recorded. On-chain data shows that this single large withdrawal was the only activity from the wallet since its creation, and the source of the funds is clearly identifiable on the blockchain.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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