Bitcoin whale sells large batch of BTC after five years
Date: 2024-10-21 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Five years ago, according to experts from Loookonchain, an anonymous user withdrew 801 bitcoins from the HTX exchange, which at the time were valued at $8.25 million, with an average price of $10,297 per BTC. The same whale recently sold 199 bitcoins for a whopping $13.55 million.
Over the past 30 days, this user has sold a total of 500 bitcoins, receiving about $32.13 million for them. However, his wallet still has a significant amount of 301 BTC, which is roughly equivalent to $20.42 million.
Experts have calculated that the anonymous owner's total profit over five years was an impressive $44.28 million.
It is interesting to note that such cases of large cryptocurrency transfers are quite common. In October, another anonymous owner, who has been holding more than $72.5 million in bitcoins since 2009, moved $3.58 million to the Kraken exchange.
In September, a Satoshi Nakamoto-era miner, after 15 years of inactivity, transferred 250 BTC worth $16 million. Also that month, a transfer was recorded from a wallet that had been inactive for over 10 years, which sent 35 BTC worth $2 million.
In August, analysts noted several more transactions from large whales - transfers of 174 BTC and 190 BTC. Both wallets had also been inactive for over 10 years before that point.
