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The total value of assets withdrawn in a single transaction reached approximately $9.93 million.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.