A certain whale address withdrew over $12 million in altcoins and tokenized assets from Binance, suspected to be institutional capital positioning

Odaily Report: According to Arkham monitoring, a certain whale address 0xB80 has been continuously withdrawing altcoins and tokenized assets from Binance within just one day, with cumulative withdrawals exceeding $12 million. Currently, its top five holdings are 370.589 billion PEPE (worth $1.61 million), 370 PAXG (worth $1.43 million), 12,814 AAVE (worth $1.40 million), nearly 770,000 PENDLE (worth $1.17 million), and 1.98 million VIRTUAL (worth $1 million).

Analysts suggest that this behavior does not resemble routine trading activity and is more likely institutions or market makers withdrawing funds from exchanges. Given the scale of continuous withdrawals and the types of assets involved, the market speculates that this whale address may be preparing for a new capital deployment, though the specific purpose remains unclear.