Ethereum

Read

<p class="is-style-lead">As the US Securities and Exchange Commission (SEC) <a href="https://crypto.news/sec-sues-binance-and-cz-for-securities-violations/" rel="noopener noreferrer nofollow">unveiled</a> a legal case against Binance, some users have been trying to get their assets out of the exchange.</p><p>Data provided by Whale Alert shows that a whale deposited 115.27 million polygon tokens (MATIC) to BinanceUS. The assets were worth roughly $95.45 million at the time of the transaction.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>🚨 🚨 🚨 🚨 115,270,000 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MATIC</a> (95,455,693 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BinanceUS</a><a href="https://t.co/AmLLARmKtx" rel="noopener noreferrer nofollow">https://t.co/AmLLARmKtx</a></p>— Whale <a href="https://twitter.com/whale_alert/status/1666041483248431104?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2023</a></blockquote></div></figure><p>However, the SEC requested a US federal judge to <a href="https://www.cnbc.com/2023/06/06/sec-asks-for-emergency-order-to-freeze-binance-us-assets-anywhere-in-the-world.html" rel="noopener noreferrer nofollow">freeze</a> all the Binance US assets, which caused a notable rise of FUD (fear, uncertainty and doubt) in the industry.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> You might also like: </span><a href="https://crypto.news/sec-sues-coinbase-just-hours-after-binance/" class="cn-block-related-link__link" rel="noopener noreferrer nofollow"> SEC sues Coinbase just hours after Binance </a></div><p>As the negative news around BinanceUS emerged, two <a href="https://crypto.news/whales-make-sudden-multi-million-dollar-moves-on-lido-dao-illuvium-and-holo/" rel="noopener noreferrer nofollow">whales</a> withdrew 76.47 million MATIC coins from the exchange’s US subsidiary.&nbsp;</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>🚨 🚨 52,052,832 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MATIC</a> (42,082,720 USD) transferred from <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BinanceUS</a> to unknown wallet<a href="https://t.co/BVAuWnyIsD" rel="noopener noreferrer nofollow">https://t.co/BVAuWnyIsD</a></p>— Whale <a href="https://twitter.com/whale_alert/status/1666273910751481857?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 7, 2023</a></blockquote></div></figure><p>The first whale transferred 24.42 million tokens, worth $19.74 million at the time of the transaction, from the exchange to an unknown wallet. Moreover, the second whale withdrew a whopping 52.05 million coins, worth roughly $42.08 million, from BinanceUS to another unknown wallet.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>🚨 24,422,457 <a href="https://twitter.com/hashtag/MATIC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MATIC</a> (19,748,379 USD) transferred from <a href="https://twitter.com/hashtag/BinanceUS?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BinanceUS</a> to unknown wallet<a href="https://t.co/wdfUJXZ5Bb" rel="noopener noreferrer nofollow">https://t.co/wdfUJXZ5Bb</a></p>— Whale <a href="https://twitter.com/whale_alert/status/1666273407606960129?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 7, 2023</a></blockquote></div></figure><p>Furthermore, the recent FUD around Binance and the SEC has caused a stir, and data shows that whales are selling more than they’re buying.&nbsp;</p><p>According to <a href="https://www.whalestats.com/analysis-of-the-top-100-eth-wallets" rel="noopener noreferrer nofollow">WhaleStats</a>, the top 100 Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) <a href="https://crypto.news/ethereum-whales-holdings-hit-new-ath-as-price-slips-further/" rel="noopener noreferrer nofollow">whales</a> have bought around $184 million worth of crypto assets in the past 24 hours, while their selling volume reaches $214 million.</p><div class="cn-block-related-link"><span class="cn-block-related-link__prefix"> Read more: </span><a href="https://crypto.news/cnbcs-jim-cramer-advises-exit-from-crypto-cites-high-scam-potential/" class="cn-block-related-link__link" rel="noopener noreferrer nofollow"> CNBC’s Jim Cramer advises exit from crypto, cites high scam potential </a></div>

Whale withdraws almost $62m worth of MATIC from BinanceUS

crypto.news

Other articles published on Jun 7, 2023

Binance CEO counters: Changpeng Zhao speaks out on SEC lawsuit

Early Access 0.12 patch notes

Top 3 Polygon Coins for 2023

Solana price prediction, DeFi exchange, Tradecurve, gearing up for a rally

Attack against Binance and CZ: SEC also targets ADA

ARKScan Updates - Navbar, Search, Top Accounts and New Pages

Join our free newsletter for daily crypto updates!