A crypto whale has been noticed quickly accumulating 9 figures value of Ethereum (ETH) in lower than a day and a half.
First reported by blockchain tracker Lookonchain, an unknown entity withdrew 54,721 ETH value $154.4 million from crypto trade Binance and decentralized exchanges (DEXes).
Primarily based on the historical past of the handle in query, Lookonchain says it might be a pockets belonging to Justin Solar, Tron founder and advisor to crypto trade HTX.
Lookonchain notes that the handle made a large withdrawal from HTX yesterday, and that Solar could also be one of many solely folks able to doing such a transaction.
“half-hour in the past, a pockets ‘TWGHNc’ suspected to be JustinSun deposited 50M USDT into Binance.
This pockets additionally withdrew 500M USDT from HTX yesterday.
Perhaps nobody besides JustinSun can withdraw a lot USDT from HTX.”
The agency stories a sequence of transactions exhibiting funds flowing out and in of each HTX and Binance from the identical pockets, which Lookonchain says is “an excessive amount of of a coincidence.”
“TWGHNc deposited 200M USDT into Binance on Feb 18.
On the identical day, 0x7a95 withdrew 29,875 ETH ($84.3M) and 100M USDT from Binance.
This appears an excessive amount of of a coincidence.”
Nevertheless, Lookonchain says that the opportunity of the handle belonging to Solar is merely a guess primarily based on on-chain knowledge.
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