Binance Witnesses Massive $194M Tron (TRX) Withdrawal

A whale that has not been identified sent 1,999,000,000 Tron tokens (TRX) valued $194,000,000.

On-chain analytics show that the whale moved a sizable quantity of bitcoin from the Binance exchange to an unidentified wallet.Almost little had changed in TRX’s pricing at the time of writing. The coin is now trading at $0.09753, down 0.94%.

Binance Witnesses Massive $194M Tron (TRX) Withdrawal
Source: Binance

For the first time in six years, three wallets that belonged to the same person transferred 6,500 Bitcoin last week. On November 5, 2017, bitcoins were delivered to these three addresses.

Binance Witnesses Massive $194M Tron (TRX) Withdrawal,Binance Witnesses Massive $194M Tron (TRX) Withdrawal

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An address identified as F2Pool on bitinfocharts may have belonged to early miners and is where some Bitcoin originated.

In the meantime, billions of dollars have been withdrawing from Binance since last year. According to Dune statistics, since November, assets worth many billions of dollars have been removed from the cryptocurrency market.

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The most recent significant wave of cryptocurrency asset withdrawals was in response to a lawsuit filed by the US Securities and Exchange Commission (SEC).

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