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Giant whale withdrew 500 BTC ($31.2M) from Binance after 6 months of dormancy
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Related addresses
Total tokens transferred
500
BTC
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:
- transaction 1: 395ba8783032951fc6bf6069a827f218709f4a7f766213c97fda53b1effb9577
- transaction 2: bce185b3f6891e6b5eca20e6693b7320c7ccb0eac929fe7da0715ba3bf6abca2
- address: 1L7gnfBJhK9ZwUcw2Lx93BPHmcd1tsxeTs
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;
- 6,000 BTC ($374.9M) in address bc1qvpgyac88vqtslewxu7yu9dqwp8rd83zch55zpm3xgn3mgg72w3kqv0s8qa
- 3,248 BTC ($203M) in address bc1q6xhpjtd5fxepcz4gfhqa5ljy55ekqwzazs555v
Fig 1. The overall BTC accumulating history of the giant whale 1L7gn.