Anonymous Whale Transfers $18.56M Worth of Bitcoin Purchased 5 Years Ago to Binance

IconCryptoNewsTerminal Staff18 Sep, 2024

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Anonymous Whale Transfers $18.56M Worth of Bitcoin Purchased 5 Years Ago to Binance

On-chain cryptocurrency analyst Ambcrypto reports that an anonymous whale address that purchased 801 BTC ($8.09 million) at an average price of $10,103 from HTX in August 2019 has just transferred 301 BTC ($18.56 million) to Binance two hours ago. At the time of this deposit, the price of BTC was $61,668. If the address were to sell the deposited amount, it would have reaped a profit of 5.1x since its purchase.