Late last night, a newly minted wallet made waves in the cryptocurrency community by withdrawing a sizable sum from Binance. [@lookonchain](https://x.com/lookonchain) reported that a major transaction involving 90 million $PENGU, valued at approximately $3.13 million, occurred just two hours prior. [1](https://x.com/lookonchain/status/1874345192226181164)

This unexpected movement of funds has sparked widespread speculation and curiosity among crypto enthusiasts. Such significant transactions often raise questions about potential market impacts or motivations behind them.

Binance, one of the leading cryptocurrency exchanges, frequently observes large withdrawals and deposits as the market remains active and volatile. However, the current event stands out due to the scale and timing of the transaction.

Followers of the platform, as well as investors in $PENGU, are keenly keeping an eye on any subsequent shifts in market behavior or any statements from involved parties.

In the ever-evolving world of cryptocurrencies, such major transactions serve as reminders of the decentralized and unpredictable nature of digital assets.

$3.13M in $PENGU withdrawn from Binance wallet

Large Withdrawal of $PENGU from Binance Wallet

Someone created a new wallet and withdrew 90M $PENGU($3.13M) from #Binance 2 hours ago.

https://t.co/Wdvmp0Clnk https://t.co/S6nB8wZxpu

Lookonchain

In the world of cryptocurrency investments, large-scale investors, commonly known as **whales**, have a significant impact on market dynamics. Such is the case of a whale that made headlines by purchasing a substantial amount of **$VIRTUAL** tokens, yielding an impressive return. [1](https://x.com/lookonchain/status/1874710305596678515)

Nineteen days ago, the whale invested **$10 million USDC** to acquire **4.25 million $VIRTUAL**. The current value of this investment has skyrocketed to **$21.5 million**, translating to an unrealized profit of **$11.5 million**. This demonstrates the lucrative potential of strategic investments in the crypto space.

This move was initially highlighted by Twitter user [@lookonchain](https://x.com/lookonchain) The investment has piqued interest among crypto enthusiasts and investors alike, showcasing the significant profits that can be reaped from timely and bold wagers in the highly volatile cryptocurrency market.

The whale's bold decision was facilitated through withdrawals of $10 million USDC from **Coinbase**, followed by the purchase of **$VIRTUAL** at a rate of $2.35 per token. The involved transaction reveals extensive thought and trust placed in the growth potential of the $VIRTUAL cryptocurrency. [2](https://x.com/lookonchain)

Such substantial investments by whales can influence market trends, and this case reaffirms their pivotal role within the cryptocurrency ecosystem. As $VIRTUAL continues to attract attention, this whale's successful venture could inspire similar lucrative ventures in the crypto markets.

A whale's $VIRTUAL investment yields $11.5M profit

Whale Profits Big on $VIRTUAL Investment

Bithumb, South Korea's second-largest cryptocurrency exchange, has announced an important update for its users. 

As of January 2, 2025, Bithumb will introduce new **Korean Won trading pairs**, specifically for **PEAQ** and **VANA**. [1](https://x.com/WuBlockchain/status/1874641481350439382) 

PEAQ serves as a Layer 1 blockchain primarily utilized for **Decentralized Physical Infrastructure Networks (DePINs)**. 

This innovative infrastructure supports a range of physical assets and services being decentralized and securely managed.

On the other hand, **Vana Network** is recognized as a **decentralized data network**, enabling users to engage in efficient data sharing and management without central authority oversight.

The introduction of these trading pairs reflects Bithumb's commitment to broadening its asset availability and offering users a diverse trading experience.

The new pairs will be available starting at 4 pm KST, allowing traders to explore **diversified investment opportunities** within the cryptocurrency sphere.

Bithumb's decision to list these assets could be seen as part of a broader strategy to tap into emerging technologies that prioritize decentralization and efficient infrastructure.

Bithumb lists PEAQ and VANA Korean Won trading pairs.

Bithumb Adds New Korean Won Trading Pairs

**Cryptocurrency whales** have been making significant **moves in the $ai16z market**, as reported by [@lookonchain](https://x.com/lookonchain) 

One particular address that stands out is **wVbrpF...BYuA**, which recently withdrew a staggering **1.86 million $ai16z tokens** valued at **$3.95 million** from the cryptocurrency exchange **Gate.io**. 
This same entity now holds an impressive **10.21 million $ai16z**, amounting to around **$22.86 million**. [1](https://x.com/lookonchain/status/1874634469837254793)

Adding to the wave, a new blockchain address, **CoErvN...8DiS**, was registered just 22 hours prior to the report. 
This address dynamically shifted market focus by acquiring **9,317 $SOL** (worth **$1.77 million**) to purchase **955.5K $ai16z tokens**. 
Such movements highlight the **growing interest in $ai16z**, raising questions about future market performances and potential impacts on investor sentiment. [1](https://x.com/lookonchain/status/1874634469837254793)

The strategic positioning and large withdrawals by these whales might indicate anticipation of a **significant price surge** or a new market trend in the coming months.
Crypto enthusiasts and market analysts will surely be keeping a close watch on these developments.

Cryptocurrency whales are actively accumulating $ai16z tokens.

Large Withdrawal of $PENGU from Binance Wallet

Frequently Asked Questions

What does the withdrawal of $3.13M in $PENGU from Binance mean for investors?

What is $PENGU and why is this transaction significant?

How do large withdrawals affect the cryptocurrency market?

What should investors watch for after such large withdrawals?

Why do significant transactions in cryptocurrency wallets trigger speculation?