NewsBinance SquareBitcoin NewsMarket

ASTER Whale Moves $10M to Binance Linked Wallet

Whale 0xFB3B deposits 4.93M ASTER ($10.18M) into Daniel Larimer’s Binance wallet after previously withdrawing $133M from Gate.

  • Whale 0xFB3B sends 4.93M ASTER ($10.18M) to Binance.
  • Previously withdrew 64.5M ASTER ($133.7M) from Gate.
  • Transaction linked to Daniel Larimer’s Binance wallet.

Whale 0xFB3B Transfers $10M in ASTER to Binance

A notable crypto whale, identified as address 0xFB3B, has made a significant move on-chain. Approximately three hours ago, the whale deposited 4.93 million ASTER tokens, valued at $10.18 million, into Daniel Larimer’s Binance deposit wallet.

magacoinfinance

This comes after the same address previously withdrew 64.5 million ASTER tokens—worth $133.7 million at an average price of $2.07—from Gate.io. The latest deposit has reignited speculation about the whale’s next move and potential market impact.

Possible Motives Behind the ASTER Deposit

Large token deposits to centralized exchanges often raise questions about selling intent or liquidity management. While it’s unclear if the whale plans to sell, the size and timing of the transaction suggest a strategic move amid changing market dynamics for ASTER.

Daniel Larimer, known for his roles in blockchain projects like EOS and Steem, has been linked to the deposit wallet that received the transfer. This connection adds an extra layer of intrigue, sparking discussions about potential partnerships, project developments, or liquidity coordination.

Market Watching for Next Moves

The ASTER community and traders are closely monitoring this whale’s wallets for further movement. Historically, large deposits can trigger short-term volatility, though the broader impact depends on follow-up actions.

If more tokens flow into exchanges, the market could experience temporary selling pressure. Conversely, if the transfer is part of a private arrangement or staking strategy, it might have minimal price effect.

Either way, Whale 0xFB3B’s latest activity highlights renewed attention around ASTER’s large holders and their influence on token liquidity.

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Isolde Verne

Isolde Verne is a passionate crypto writer, focusing on blockchain innovation, NFT ecosystems, and the societal impact of decentralized systems. Her engaging style bridges the gap between technology and everyday understanding.

Related Articles

Back to top button