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700 BTC Moved from Binance to Kraken, On-Chain Data Shows

On-chain data has shown that 700 BTC, worth around $56.68 million or roughly 78.6 billion won, was moved from Binance to Kraken. Whale Alert X posted on May 19 that the transfer of 700 Bitcoin (BTC) occurred from Binance to Kraken, though it remains unclear whether this transaction represented an actual sell-off.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 700 BTC, 바이낸스서 크라켄으로 이동 관측