965,000 SOL Transferred from Binance to New Wallet

TechFlow reported that, according to Whale Alert, at 04:11 Beijing time on Oct. 30, a total of 965,455 SOL was transferred from Binance to an unknown new wallet, worth approximately $95.44 million at the time of transfer.

The receiving address currently has no public label, so the sender's identity and the purpose of the transfer cannot yet be confirmed. Large transfers from an exchange to a new address are often related to institutional custody, OTC trading, or wallet consolidation; further on-chain tracking is needed to determine the specific circumstances.

TechFlow previously reported that, during the same period, Whale Alert also detected 185 million XRP transferred from Binance to a new wallet.

Source: TechFlow