Another notable “whale” activity has emerged in the cryptocurrency market. According to an onchain analysis, a former investor who bought Bitcoin at a low price around 13 years ago continues to give away part of his assets. It was reported that this investor transferred part of his Bitcoin holdings to the Binance exchange.
This “first whale” first bought 5,000 $BTC about 13 years ago, at an average price of $332 per $BTC. In his last transaction, the investor transferred 500 $BTC at Binance. At current prices, this amount is estimated to be around $33.28 million.
It is stated that the same whale has been gradually selling since November 2024, sending a total of 4,000 $BTC to the exchange. The total value of these transfers is estimated at approximately $365 million, with an average sale price of $91,258. Thus, it is calculated that the investor made a total profit of approximately $363 million.
According to the data, the address in question still holds 1,000 $BTC. The current market value of this amount is approximately $66.62 million.
Experts note that such large-scale transfers can create selling pressure in the market, but also reflect the tendency of long-term investors to take profits. Whale movements continue to be closely watched by investors, particularly in terms of market direction.
*This does not constitute investment advice.
