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Binance Crypto Whale Rakes in $24 Million from WBTC Trades as Analysts Expect BTC Price Rise

A major cryptocurrency whale has managed to make a significant profit trading wrapped Bitcoin (WBTC). WBTC is an ERC-20 token pegged backed by BTC and pegged to its price at a 1:1 ratio. According to on-chain monitoring firm Lookonchain, the trader used three different wallets to deposit a total of 1,957 WBTC tokens on the […]