Legendary Bitcoin Whale Just Cashed Out Big Time
Main Idea
A long-term Bitcoin whale who initially purchased 5,000 BTC in 2012 for $1.66 million has begun selling portions of their holdings, recently depositing 250 BTC worth $29.68 million to Binance, realizing massive profits.
Key Points
1. The whale originally bought 5,000 BTC for $1.66 million in 2012, now worth approximately $578 million at a price near $118,248 per BTC.
2. 250 BTC, valued at $29.68 million, was recently deposited to Binance, marking the first sale in two months.
3. The initial investment has yielded a 34,900% return, making it one of the most profitable in crypto history.
4. The 5,000 BTC was consolidated into a single address four years ago and remained inactive until recent sales.
5. The latest transfer occurred as Bitcoin traded near its all-time high, with the market cooling off after a mid-July surge.
Description
12-year Bitcoin whale stuns world's largest crypto exchange as profit hits $578 million
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