Whale Investor Deploys Over $24M in WBTC to Binance
A recent data report has revealed that a large whale investor in Bitcoin (BTC) has been actively accumulating Wrapped Bitcoin (WBTC) on Binance, the popular cryptocurrency exchange.
According to the report, since 2022, this massive whale investor has cumulatively deposited over $24.1 million worth of WBTC onto Binance.
The data highlights a significant trend in the market, where large investors are increasingly opting for wrapped Bitcoin, which is pegged to the value of regular BTC on the Ethereum blockchain.