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According to @OnchainDataNerd, an analytics account on the X social media platform (formerly known as Twitter), there has recently been a large Bitcoin sale initiated by a dormant crypto whale.
The tweet published by the aforementioned data source says that the last time this whale showed any activity was five years ago, when they bought slightly less than 1,000 BTC on one of the world’s largest exchanges, Huobi.
Now, they have begun selling that BTC on the Binance trading platform. @OnchainDataNerd spread the word about this whale moving 301 Bitcoins to Binance. This amount of the leading cryptocurrency is worth approximately $18.57 million.
If this Bitcoin gets sold, the whale will make a realized profit of $15.47 million, according to the data shared.
Five years ago, this cryptocurrency investor purchased 801 BTC on Huobi, paying $8.25 million for that crypto lump. Currently, this whale still holds 500 BTC worth $34.58 million, with an unrealized profit of roughly $29.4 million.
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