Key Highlights
- The wallet, which initially held 5,000 BTC, has sold 2,500 BTC, raking in approximately $265 million at an average exit price of $106,164.
- Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early As per the report by Lookonchain, an additional 500 BTC was moved to Binance, with a value of $47.77 million.
- This signifies the latest in a series of withdrawals from this 12-year-old holder.
- An OG who received 5,000 $BTC 12 years ago sold another 500 $BTC($47.77M) today. This OG originally received the 5,000 $BTC 12 years ago($1.66M at the time), when $BTC was priced at $332. Since Dec 4, 2024, he has been selling $BTC, dumping 2,500 $BTC($265M) at an average price… The selling pattern seems methodical, with the OG transferring 250-500 BTC per transaction, distributing the outflows over a minimum of 10 Binance-bound transactions in the past five months.
- The wallet still possesses 2,500 BTC, worth about $237.5 million, which may potentially be the next to hit the market.
