195,000 ETH Moved Between Unknown Wallets, Worth About $449 Million

According to TechFlow, on October 30, Whale Alert monitoring showed that at 04:40 Beijing time, a total of 195,460 ETH were transferred from an unknown wallet to a new wallet, worth about $449 million based on the price at the time of transfer.

The sender and receiver addresses of this transfer currently have no public labels, so the identities of both parties and the purpose of the funds cannot be confirmed. Such large on-chain transfers may be related to institutional custody adjustments, wallet migrations, or OTC transactions; further on-chain tracking is still required to determine the specific circumstances.

TechFlow previously reported that in the early hours of today, Whale Alert also monitored multiple large asset transfers from Binance, including 28,000 ETH and 7,636 BTC.

Source: TechFlow