Newly Created Wallet Withdraws 500 BTC Worth $31.15M From Binance

A newly created wallet, identified as bc1qw5, withdrew 500 BTC worth approximately $31.15 million from Binance in a single transaction about four hours ago.

The transfer occurred as Bitcoin continued to move higher, with the cryptocurrency gaining 1.4% over the past 24 hours and trading at around $62,724.

Source: Lookonchain