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Analysis

10-Year Dormant Wallet, 687 BTC External Transfer, Species Whale Held for 1 Year After Realizing Ethereum Arbitrage

LookOnChain reports via X that “A wallet that has been dormant for 10 years made an external transfer of 687.33 BTC ($43.94 million) today. The address received the transfer in January 2014 for a flat rate of $917.” Meanwhile, “A whale that bought ETH a year ago appears to be selling ETH to take...

10-Year Dormant Wallet, 687 BTC External Transfer, Species Whale Held for 1 Year After Realizing Ethereum Arbitrage

LookOnChain reports via X that “A wallet that has been dormant for 10 years made an external transfer of 687.33 BTC ($43.94 million) today. The address received the transfer in January 2014 for a flat rate of $917.”

Meanwhile, “A whale that bought ETH a year ago appears to be selling ETH to take profits,” LookOnChain reports. He withdrew 12906 ETH ($24.39 million) from Binance and deposited it into Litecoin, but when the market dropped on April 30, he withdrew 7000 ETH from Litecoin and deposited it into Binance 15 minutes ago. The estimated profit on the sale is over $16 million.”

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