Over 496,261 Bitcoins Moved to Binance Cold Wallet

Over 496,261 Bitcoins Moved to Binance Cold Wallet Over 496,261 Bitcoins Moved to Binance Cold Wallet
By Mary Kihoro - June 12, 2019

Binance BTC


A massive movement of over 496,261  Bitcoins has raised eyebrows around the cryptocurrency community with some claiming that a dump was in the making.

The transfer of about 2.8% of the circulating Bitcoin supply was reported out which 407,357 of the Bitcoins were done in seven transactions to a known public Binance cold wallet. From records, it seems that the shift has been happening over the last two weeks.

Binance is yet to comment on the matter.