On October 10, Shenyu’s address withdrew 2,500 ETH from Binance. This account is connected to the Twitter username @bitfish1. The average price of each Ethercoin was $2,394, putting the total withdrawal value at around US$5.98 million. Furthermore, the aforementioned Shenyu’s account is at its current best, containing digital assets with an approximate worth of 44 million USD. Among these resources, AWBTC makes the majority of them, totaling around US$37.43 million in value. This causes AWBTC to account for nearly 85 percent of the sum.
Today on October 10th, Shenyu, a significant figure in blockchain and the AI community associated with the Twitter address “@bitfish1”, has reported to have conducted a significant finance operation that is believed by many observers to set a new landmark in the field. Namely, an amount of 2500 units of Ethereum digital currency which is estimatedly worth a whopping of 5.98 million USD on average basis was taken out. The figure is quite interesting because considering the current volatility rates, this figure potentially signifies a massive transfer rate in just a span of single hour. Therefore, the observers are curious to see the reasons why such magnitude of operation and what Shenyu does with that Ethereum withdrawal. The financial value is indeed so huge and as the community has the curiosity as to the usage; it could likely trigger more inquiries on this major financial decision of Shenyu.
Source: source