• bitcoinBitcoin (BTC) $ 66,551.00
  • ethereumEthereum (ETH) $ 3,598.89
  • tetherTether (USDT) $ 0.999343
  • bnbBNB (BNB) $ 608.56
  • solanaSolana (SOL) $ 149.22
  • staked-etherLido Staked Ether (STETH) $ 3,597.52
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.489258
  • dogecoinDogecoin (DOGE) $ 0.136114
  • the-open-networkToncoin (TON) $ 8.02
  • cardanoCardano (ADA) $ 0.416103
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • avalanche-2Avalanche (AVAX) $ 29.86
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,661.00
  • tronTRON (TRX) $ 0.116645
  • chainlinkChainlink (LINK) $ 15.10
  • polkadotPolkadot (DOT) $ 6.38
  • uniswapUniswap (UNI) $ 11.59
  • bitcoin-cashBitcoin Cash (BCH) $ 427.81
  • nearNEAR Protocol (NEAR) $ 5.65
  • litecoinLitecoin (LTC) $ 78.71
  • matic-networkPolygon (MATIC) $ 0.619790
  • wrapped-eethWrapped eETH (WEETH) $ 3,743.03
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 0.998750
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 9.43
  • kaspaKaspa (KAS) $ 0.157411
  • ethereum-classicEthereum Classic (ETC) $ 25.47
  • fetch-aiFetch.ai (FET) $ 1.47
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,580.47
  • aptosAptos (APT) $ 7.87
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 177.51
  • render-tokenRender (RNDR) $ 8.35
  • hedera-hashgraphHedera (HBAR) $ 0.085787
  • filecoinFilecoin (FIL) $ 5.25
  • mantleMantle (MNT) $ 0.897419
  • stellarStellar (XLM) $ 0.098740
  • cosmosCosmos Hub (ATOM) $ 7.21
  • blockstackStacks (STX) $ 1.90
  • okbOKB (OKB) $ 45.89
  • arbitrumArbitrum (ARB) $ 0.922335
  • crypto-com-chainCronos (CRO) $ 0.098680
  • dogwifcoindogwifhat (WIF) $ 2.58
  • immutable-xImmutable (IMX) $ 1.70
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999934
  • injective-protocolInjective (INJ) $ 25.04
  • suiSui (SUI) $ 0.955788
  • optimismOptimism (OP) $ 2.09
  • makerMaker (MKR) $ 2,431.60
  • the-graphThe Graph (GRT) $ 0.235681
  • vechainVeChain (VET) $ 0.029502
  • bittensorBittensor (TAO) $ 307.06
  • notcoinNotcoin (NOT) $ 0.020065
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,992.40
  • flokiFLOKI (FLOKI) $ 0.000205
  • lido-daoLido DAO (LDO) $ 2.16
  • arweaveArweave (AR) $ 28.42
  • jasmycoinJasmyCoin (JASMY) $ 0.037375
  • fantomFantom (FTM) $ 0.636547
  • ondo-financeOndo (ONDO) $ 1.18
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,723.52
  • theta-tokenTheta Network (THETA) $ 1.69
  • bonkBonk (BONK) $ 0.000025
  • bitget-tokenBitget Token (BGB) $ 1.15
  • thorchainTHORChain (RUNE) $ 4.66
  • celestiaCelestia (TIA) $ 8.06
  • based-brettBrett (BRETT) $ 0.155771
  • coredaoorgCore (CORE) $ 1.63
  • whitebitWhiteBIT Coin (WBT) $ 9.61
  • eosEOS (EOS) $ 0.652349
  • pyth-networkPyth Network (PYTH) $ 0.361950
  • aaveAave (AAVE) $ 85.35
  • sei-networkSei (SEI) $ 0.414000
  • algorandAlgorand (ALGO) $ 0.154502
  • ethenaEthena (ENA) $ 0.763260
  • jupiter-exchange-solanaJupiter (JUP) $ 0.914558
  • starknetStarknet (STRK) $ 0.931193
  • quant-networkQuant (QNT) $ 82.95
  • galaGALA (GALA) $ 0.033015
  • cheeleeCheelee (CHEEL) $ 20.54
  • flare-networksFlare (FLR) $ 0.027099
  • gatechain-tokenGate (GT) $ 8.58
  • flowFlow (FLOW) $ 0.720216
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,632.21
  • beam-2Beam (BEAM) $ 0.020144
  • kucoin-sharesKuCoin (KCS) $ 10.40
  • axie-infinityAxie Infinity (AXS) $ 6.70
  • bitcoin-svBitcoin SV (BSV) $ 49.27
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ordinalsORDI (ORDI) $ 45.50
  • zebec-protocolZebec Protocol (ZBC) $ 0.018580
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.65
  • dydx-chaindYdX (DYDX) $ 1.52
  • elrond-erd-2MultiversX (EGLD) $ 33.19
  • neoNEO (NEO) $ 12.70
  • chilizChiliz (CHZ) $ 0.100619
  • pendlePendle (PENDLE) $ 5.66
  • the-sandboxThe Sandbox (SAND) $ 0.382184
  • gnosisGnosis (GNO) $ 330.25
  • roninRonin (RON) $ 2.58
  • worldcoin-wldWorldcoin (WLD) $ 3.45
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,600.41
  • wormholeWormhole (W) $ 0.454517
  • akash-networkAkash Network (AKT) $ 3.34
  • tezosTezos (XTZ) $ 0.809783
  • oasis-networkOasis Network (ROSE) $ 0.118501
  • singularitynetSingularityNET (AGIX) $ 0.616588
  • msolMarinade Staked SOL (MSOL) $ 178.28
  • conflux-tokenConflux (CFX) $ 0.191053
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.92
  • nexoNEXO (NEXO) $ 1.34
  • livepeerLivepeer (LPT) $ 22.67
  • mina-protocolMina Protocol (MINA) $ 0.656679
  • usddUSDD (USDD) $ 0.999686
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.007250
  • havvenSynthetix Network (SNX) $ 2.19
  • ecasheCash (XEC) $ 0.000036
  • dexeDeXe (DEXE) $ 12.56
  • decentralandDecentraland (MANA) $ 0.384541
  • book-of-memeBOOK OF MEME (BOME) $ 0.010355
  • frax-etherFrax Ether (FRXETH) $ 3,593.04
  • fasttokenFasttoken (FTN) $ 2.21
  • lido-staked-solLido Staked SOL (STSOL) $ 176.11
  • safeSafe (SAFE) $ 1.59
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.52
  • aioz-networkAIOZ Network (AIOZ) $ 0.616467
  • apecoinApeCoin (APE) $ 1.07
  • klay-tokenKlaytn (KLAY) $ 0.179419
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,857.92
  • fraxFrax (FRAX) $ 0.998105
  • swethSwell Ethereum (SWETH) $ 3,798.86
  • iotaIOTA (IOTA) $ 0.190567
  • mantra-daoMANTRA (OM) $ 0.750757
  • kavaKava (KAVA) $ 0.557673
  • rocket-poolRocket Pool (RPL) $ 28.77
  • nervos-networkNervos Network (CKB) $ 0.013123
  • tether-goldTether Gold (XAUT) $ 2,333.14
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000104
  • heliumHelium (HNT) $ 3.42
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,909.11
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.109533
  • magaMAGA (TRUMP) $ 11.85
  • axelarAxelar (AXL) $ 0.780956
  • theta-fuelTheta Fuel (TFUEL) $ 0.081578
  • aevo-exchangeAevo (AEVO) $ 0.626272
  • 1inch1inch (1INCH) $ 0.420710
  • illuviumIlluvium (ILV) $ 79.72
  • blurBlur (BLUR) $ 0.309198
  • ioio.net (IO) $ 5.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.034128
  • bitcoin-goldBitcoin Gold (BTG) $ 28.27
  • true-usdTrueUSD (TUSD) $ 0.998046
  • iotexIoTeX (IOTX) $ 0.050340
  • corgiaiCorgiAI (CORGIAI) $ 0.001370
  • woo-networkWOO (WOO) $ 0.248388
  • stader-ethxStader ETHx (ETHX) $ 3,703.76
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • ether-fiEther.fi (ETHFI) $ 4.02
  • raydiumRaydium (RAY) $ 1.74
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • astarAstar (ASTR) $ 0.078445
  • arkhamArkham (ARKM) $ 1.89
  • pax-goldPAX Gold (PAXG) $ 2,329.75
  • memecoin-2Memecoin (MEME) $ 0.021291
  • apenftAPENFT (NFT) $ 0.00000043
  • golemGolem (GLM) $ 0.427755
  • polymeshPolymesh (POLYX) $ 0.398826
  • aerodrome-financeAerodrome Finance (AERO) $ 0.850547
  • paypal-usdPayPal USD (PYUSD) $ 0.998273
  • manta-networkManta Network (MANTA) $ 1.28
  • curve-dao-tokenCurve DAO (CRV) $ 0.332777
  • stepnGMT (GMT) $ 0.193883
  • ocean-protocolOcean Protocol (OCEAN) $ 0.627366
  • dydxdYdX (ETHDYDX) $ 1.52
  • compound-ethercETH (CETH) $ 72.24
  • echelon-primeEchelon Prime (PRIME) $ 9.90
  • usdbUSDB (USDB) $ 0.999878
  • osmosisOsmosis (OSMO) $ 0.608269
  • kusamaKusama (KSM) $ 26.64
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.31
  • biconomyBiconomy (BICO) $ 0.472119
  • mx-tokenMX (MX) $ 3.83
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004266
  • safepalSafePal (SFP) $ 0.811958
  • aragonAragon (ANT) $ 9.21
  • compound-governance-tokenCompound (COMP) $ 53.79
  • radixRadix (XRD) $ 0.034857
  • zilliqaZilliqa (ZIL) $ 0.019693
  • holotokenHolo (HOT) $ 0.002052
  • superfarmSuperVerse (SUPER) $ 0.800476
  • dymensionDymension (DYM) $ 2.04
  • celoCelo (CELO) $ 0.665369
  • terra-luna-2Terra (LUNA) $ 0.518848
  • jito-governance-tokenJito (JTO) $ 2.89
  • ankrAnkr Network (ANKR) $ 0.034826
  • altlayerAltLayer (ALT) $ 0.229080
  • 0x0x Protocol (ZRX) $ 0.413600

Dormant Bitcoin whale awakes, turns $30M into $535M in 5 years

0 15

A 5.5-year dormant Bitcoin (BTC) whale became active on June 11, moving 8,000 BTC to a Binance address. This Bitcoin investor would realize over $500 million in profits if selling these coins at current prices.

Notably, the Bitcoin wallet address ‘1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe‘ acquired the 8,000 BTC at a dollar-cost average of $3,810, Lookonchain reported. This would result in a theoretical $30 million investment that the page says occurred on December 6, 2018.

As developed, the dormant Bitcoin whale woke up after 5.5 years and sent the whole balance to Binance. Usually, sending cryptocurrencies to an exchange shows an intention to sell or, in this case, to realize a 5-year profit.

At the prices by the time of Lookonchain‘s post on X, the 8,000 BTC stack was worth $535 million.

Dormant Bitcoin whale awakes, turns $30M into $535M in 5 years

Moving all the coins now signals a bearish bias from this particular whale, which could affect overall market perception.

Analysts have spotted high volatility signals for this week, ahead of the FOMC meeting and interest rate decision, while Bitcoin’s low network activity measured by on-chain transactions volume and spot trading volume has also suggested a lack of interest in BTC besides the speculative demand through derivatives like futures and exchange-traded funds (ETFs).

Interestingly, the network saw all-time high fees of $195 per transaction due to UTXO consolidation operations from OKX this weekend. This has raised concerns about the network’s accessibility while macroeconomics imposes a challenge for risk assets, including for the cryptocurrency, stock, and finance markets.

In closing, Bitcoin trades at $66,300 by press time, close to its all-time high of $73,805 and 20 times higher than when the dormant whale acquired its 8,000 BTC.

Source

Leave A Reply

Your email address will not be published.