ME News reports that on July 21 (UTC+8), according to Lookonchain monitoring, a prominent Bitcoin whale address sold its final 1,000 BTC, worth $65.56 million. The address originally purchased 5,000 BTC at $332 each, totaling a cost of $1.66 million, and began selling on November 26, 2024. It ultimately sold all 5,000 BTC at an average price of approximately $87,151, generating $435.75 million in revenue—a return of 262x. (Source: BlockBeats)
Bitcoin OG whale completes 12-year hold, exits with over $400 million in profit
KuCoinFlashShare
Summary
Whale activity saw a major move as a Bitcoin OG whale sold its final 1,000 BTC on July 21 (UTC+8), valued at $65.56 million. The whale originally purchased 5,000 BTC at $332 each in 2014, for a total of $1.66 million. Beginning a take-profit strategy on November 26, 2024, the whale sold all 5,000 BTC at an average price of $87,151, totaling $435.75 million, achieving a 262x return.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.