Key takeaways
- A dormant Bitcoin whale sold 200 BTC worth over $18 million after nearly three years.
- Valen realized a profit of over $12.5 million.
A Bitcoin whale identified by the address starting with “1CA98y” sold 200 BTC for over $18 million today, according to data tracked by Lookonchain.
After being dormant for almost three years, the investor woke up on Thursday and moved 400 BTC, with 200 BTC landing on Binance.
Initially, the whales withdrew 400 BTC from OKX on April 1, 2023, when the price of BTC was $28,432. The latest transaction resulted in a profit of over $12.5 million.
According to CoinGecko, Bitcoin is trading at around $91,300 at reporting time, up over 5% in the last 24 hours. The digital asset recently hit a new record high of $126,080.
If the Bitcoin pick had sold anything close to $125,000, his profit would have climbed to around $39 million.