The "giant" whale returns 3,000 BTC worth $260M to Binance after withdrawing $470M.

The blockchain analytics company Whale Alert recorded a cash flow of 3,000 Bitcoin, equivalent to $260.39 million, deposited into Binance on Tuesday.

Arkham Intelligence identified the deposit wallets related to the infrastructure of Matrixport.

This deposit transaction marks a reversal from the company's withdrawal of $470 million on December 5.

Key developments

Approximately 4,000 BTC, worth $347.56 million, were deposited into Binance by two wallets linked to Matrixport on December 17.

Whale Alert initially tracked 3,000 BTC moving to Binance's deposit wallet address "15KX2".