A Newly Created Wallet Withdrew $10 Million in Altcoins from Binance Today

Amidst the volatile trends in the cryptocurrency market, large transactions across three different altcoins carried out by a newly created wallet have attracted attention.

According to Lookonchain data, the address starting with “0xC374” withdrew 814,020 UNI from Binance. The value of the Uniswap tokens at the time of the transaction was approximately $7.24 million.

The same address also transferred 2,382 BNB worth $1.85 million and 12,397 Litecoin worth approximately $841,000 off the exchange.

The total value of assets withdrawn in a single transaction reached approximately $9.93 million. UNI was the whale’s largest preference, accounting for more than 70% of the total position.

UNI’s price has risen by approximately 2% in the last 24 hours. However, it’s noteworthy that the altcoin has gained 20% in value over the past week. Despite this, UNI is still trading 79% lower than its all-time high of $44.

BNB, on the other hand, is currently 43% less valuable than its record high of $1,370.

*This is not investment advice.

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