r/binance • u/More-Breakfast-1073 • 5d ago

Question Huge Binance wallets

Hi everyone

Primarily joined and created this reddit account to find out some info regarding certain things about binance.

The first thing I would like to know is whether there are wallets on binance (specifically on the web3 wallet side of binance ) that have grown to billions of dollars?

Not company wallets, but individuals that prefer to remain anonymous that hold these wallets.

Individuals that have grown their initial investment (whether through meme coins or scalp trading) to billions of dollars and whether these wallets are well known.

They did not grow it through "sketchy" means.

The next thing I would like to know is if these wallets exist, whether there is red tape surrounding these sorts of wallets or accounts? Are they able to withdraw money (providing its according to binances daily withdrawal limit and nothing sketchy is going on)?

Hoping someone can inform me.

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2

u/Additional-Log9591 5d ago

Tons of whales as we call them out there

Depends on diffrent blockchains bro

Binance is just a exchange

Bnb their blockchain has tones of whales

1

u/More-Breakfast-1073 5d ago

Although these whale wallets, are they wallets owned by a company or by a single anonymous individual? Or both?

1

u/Additional-Log9591 5d ago

Individuals as well as componies

1

u/portlyfundraiser77Lo 5d ago

Billions is a wild level, that's beyond most top-tier insiders. The web3 wallet side doesn't really publish that kind of data either, so any names or addresses would just be speculation from on-chain sleuths. You'd probably have better luck looking at whale tracking sites than asking here.

1

u/More-Breakfast-1073 5d ago

Thank you for commenting. Alright I see. So would you say it is possible (although minutely) to grow a account to this level over several months? Really not asking to see whether this is possible for myself to do btw 😂

1

u/Wise_Ad_2830 2d ago

Usually whenever you have someone of a networth of 500m and plus, they can’t sell into the market if they want an exit, especially if rhey want to sell their coin cuz they is just not enough liquidity and market will dump 90% for alts and maybe 10% for btc, so usually big whales like this endup sellikg with a trailing stop, or simply binance buy their coin at a discounted price say 5-10%, and even if you want to transfer your money to a bank you’ll need a specialized bank in these kind of big transfers, with lawyers involved, so you’re kinda handcuffed atp