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Giant whale withdrew 500 BTC ($31.2M) from Binance after 6 months of dormancy

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Giant whale 1L7gn returned after 6 months of dormancy and withdrew 500 BTC ($31.2M) from Binance at $62,423 on average in the past 2 hours:

 

Notably, before this return, the giant whale accumulated 10,158 BTC from Binance at an average price of $67,053 (estimated cost: $681.1M) between March 15 and April 14, 2024. Based on the current price of $62,486, this portion is now at a $46.31M unrealized loss (-6.5%).

 

Currently, the whale holds 10,658 BTC ($666M) across 3 wallets, including:

  • 1,410 BTC ($88.1M) in the main address above;

 

Fig 1. The overall BTC accumulating history of the giant whale 1L7gn.

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#massive
#loss