Unknown Wallet Sends 7,499 Bitcoin Worth $575.1 Million to Binance

An unknown wallet sent 7,499 Bitcoin (BTC) worth $575.1 million to Binance early Tuesday, making it the largest of five major cryptocurrency transfers totaling $1.10 billion within three hours.

The BTC arrived at 1:04 a.m. ET on Nov. 3. The deposit accounted for all identified exchange inflows in the group, which covered transfers through 4:01 a.m. ET.

At 1:21 a.m. ET, 150,006,076 Tether (USDT) worth $149.8 million moved from Aave to an unknown wallet. Another transfer at the same time moved 400 million TRON (TRX) worth $128.4 million between unknown wallets. At 3:09 a.m. ET, 205,319,004 USDC worth $205.4 million moved between unknown wallets.

The final recorded transfer sent 564,253,393 Dogecoin (DOGE) worth $41.6 million from Gate to an unknown wallet at 3:57 a.m. ET. It was the group’s only identified exchange withdrawal. Together, the transfers from Gate and Aave sent $191.4 million to unknown wallets.

A day earlier, a 3,000 BTC transfer from Binance to an unknown wallet led a separate group of large transfers. The Nov. 3 deposit moved in the opposite direction, but a wallet transfer alone does not establish its owner’s plans to trade.