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In just three days, a single entity has pulled approximately $187 million worth of assets from Binance. This whale's haul included a diverse portfolio: approximately 2,380 BTC ($90.64 million), 172,000 BNB ($39.19 million), 16,300 ETH ($33.61 million), 200,000 SOL ($12.2 million) and a staggering 530 billion SHIB ($4.4 million), among others.
However, this is not just a tale of a high-roller's routine withdrawal. The plot thickens as all three wallets associated with these transactions — spanning the Bitcoin, Ethereum, and Solana networks — were activated simultaneously on June 8 and concurrently executed these significant withdrawals from Binance. The synchronicity of actions across these wallets suggests that they may be controlled by a single entity or a coordinated group, sparking speculation about the actor's identity and intent.
The wallet on the Solana network, which ends with GsjhMiA, holds assets worth around $12 million. The Bitcoin network wallet, which ends with 2NuEcm, boasts $92 million, while the Ethereum network wallet, which begins with 0x865236, reveals a net worth of $87 million.
What is particularly intriguing is the Shiba Inu (SHIB) withdrawal. The $4 million withdrawal by the whale heightens the possibility of an upcoming surge in market volatility, as large players often rebalance their portfolios amid significant asset transfers.
Gamza KhanzadaevIn recent weeks, Shiba Inu has not shown any remarkable performance in the market and has mostly traded below its 200-day moving average. This ongoing consolidation suggests that neither SHIB bulls or bears are prepared to take decisive action, opting instead to remain on the sidelines to avoid unnecessary risks.
Regarding our whale, it would be prudent to monitor their movements closely, especially considering the likely event of portfolio rebalancing.
Denys Serhiichuk
Yuri Molchan
Dan Burgin
Alex Dovbnya