Binance records huge $194m Tron (TRX) withdrawal

An unknown whale transferred 1,999,000,000 Tron tokens (TRX) worth $194 million.

According to on-chain analytics, the whale transferred a large amount from the Binance cryptocurrency exchange to an unknown wallet.

At the time of publication, the price of TRX remained virtually unchanged. When writing, the token trades at $0.09753, down 0.94%.

Last week, three wallets the same owner could own moved 6,500 BTC for the first time in six years. Bitcoins arrived at these three addresses on Nov. 5, 2017.

You might also like: Whale transferred 6,500 Bitcoins as price reached $36k

Some BTC came from an address marked on bitinfocharts as F2Pool, which may belong to early miners.

Meanwhile, Binance continues to experience billions of dollars in outflows that began last year. Since November, several billion dollars worth of cryptocurrency assets have been withdrawn from the crypto exchange, according to Dune data.

The latest large-scale wave of withdrawal of crypto assets occurred after a lawsuit by the US Securities and Exchange Commission (SEC).

You might also like: CryptoQuant shows outflows from Binance after CFTC lawsuit
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