Binance has conducted significant cryptocurrency transfers affecting key market players such as Wintermute and Kraken.
Massive Crypto Transactions Signal Market Activity
According to market analyst Budhil Vyas, Binance has conducted significant transfers of SOL and ETH to major market makers and exchanges. Recent transactions show Binance’s hot wallet moving 7.83K SOL valued at $1.25 million to Wintermute. Another movement of 7.617K SOL worth $1.21 million occurred just two hours earlier. Another transfer of 6.843K SOL, amounting to $1.09 million, was sent to Kraken.
Three hours ago, Binance transferred 10.196K SOL, valued at $1.63 million, to Coinbase. Additionally, 6.705K SOL, worth $1.07 million, was moved to Wintermute's market-making wallet. Within the same timeframe, 13.651K SOL, equating to $2.17 million, was directed to Wintermute's standard wallet.
Four hours ago, Binance’s hot wallet facilitated multiple transactions, including 10.076K SOL and 12.551K SOL, cumulatively worth $3.59 million, to Wintermute. The largest recorded transfer, 23.921K SOL, valued at $3.83 million, also moved to Wintermute.
Ethereum Transfers Highlight Institutional Involvement
Binance has also transferred large ETH amounts to Wintermute and Symbolic Capital Partners. Five minutes ago, 1.245K ETH, worth $3.44 million, was moved to Symbolic Capital Partners' CEX Bridge wallet. Thirty-one minutes earlier, Binance executed another transfer of 1.013K ETH, valued at $2.81 million.
Additional transactions saw 1.053K ETH, worth $2.93 million, sent to Wintermute’s market-making wallet. Frequent transactions within short intervals indicate institutional-level liquidity shifts. The structured movements suggest active market positioning by Binance and its counterparties.
Binance's active transfers underscore changes in market strategy and institutional involvement amid current market uncertainties.
