A major whale address moves 3,500 BTC after three years of dormancy, netting a profit of $305 million
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According to a report by Jinse Finance, Lookonchain monitoring shows that a certain whale address, after being dormant for three years, transferred 3,500 BTC (approximately $408 million) to a new address 10 hours ago. Three years ago, this address withdrew 3,500 BTC from an exchange (then worth about $103 million), with an average withdrawal price of $29,620 per BTC, resulting in a profit of $305 million (+294%).
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