A cryptocurrency whale is currently transferring a significant amount of Bitcoin (BTC) to Binance, the world’s largest cryptocurrency exchange in terms of trading volume. Recent data from Lookonchain, a market intelligence firm, reveals that this wealthy investor began moving substantial quantities of Bitcoin to Binance on June 27th, and has just completed another transfer to the exchange.

As of July 8th, the whale has moved over $468 million worth of Bitcoin to Binance. According to Lookonchain, “The whale once again deposited 809 BTC ($45.18 million) to Binance on July 8th. In total, he has deposited 7,790 BTC ($468 million) to Binance since June 27th and currently holds 6,559 BTC ($379 million).”

In addition to this, Lookonchain has also discovered that the German government is continuously moving large amounts of Bitcoin to various crypto exchanges. On July 8th, they transferred 1,000 BTC ($55.8 million), with 500 BTC ($27.9 million) being deposited to Coinbase and Bitstamp.

Germany’s involvement in cryptocurrency exchanges was first noticed in June when authorities seized BTC as part of an investigation into Movie2k.to, an illegal streaming platform that distributed over 880,000 pirated films between 2008 and May 2013. The Dresden Public Prosecutor’s Office revealed that the operators of the website purchased Bitcoin using the profits from their illicit activities. At the time, the police confiscated nearly 50,000 BTC, which was valued at $2.17 billion.

At the time of writing, Bitcoin is trading at $55,905, which represents a decrease of over 11% in the past week.

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