Gate News bot message, a significant Bitcoin movement occurred as a whale address transferred 3,500 BTC (valued at $408.63 million) to a new wallet after remaining inactive for three years.
The blockchain data shows that this same whale initially withdrew the 3,500 BTC from a centralized exchange at $29,620 per BTC, with a total value of $103.67 million at that time. The current market value represents a $305 million increase from the original withdrawal price, marking a 294% gain.
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Dormant Bitcoin Whale Moves $408.63M Worth of BTC After Three Years
Gate News bot message, a significant Bitcoin movement occurred as a whale address transferred 3,500 BTC (valued at $408.63 million) to a new wallet after remaining inactive for three years.
The blockchain data shows that this same whale initially withdrew the 3,500 BTC from a centralized exchange at $29,620 per BTC, with a total value of $103.67 million at that time. The current market value represents a $305 million increase from the original withdrawal price, marking a 294% gain.