An “ancient whale” who bought 5,000 BTC in November 2013 when Bitcoin was only $332, has started selling Bitcoin (BTC) almost 13 years later.
According to onchain data released by the cryptocurrency platform Lookonchain, this whale first started selling Bitcoin in November 2024.
The whale, which awoke from its slumber in November 2024, has so far transferred 3,500 BTC to Binance at an average price of $94,786. And it has made a significant profit of approximately $330 million from these BTC sales.
According to Arkham Intelligence data, this ancient whale also sold another 1,000 BTC about seven hours ago, earning approximately $71.57 million.
The balance of 1,500 BTC, worth approximately $106 million at current prices, is still in the whale’s wallet.
Bitcoin is currently trading around $70,840 after experiencing a 4.8% drop in the last 24 hours.
*This is not investment advice.