OnchainLens tracked an ancient Bitcoin whale moving 1,000 BTC to Binance on July 21 after four months of inactivity. At current prices, the transfer was worth about $65.56 million. The wallet has been accumulating Bitcoin since November 2013 and has kept reducing its holdings over the past year. The move to Binance suggests the transfer may have been made in preparation for a sale. The transaction stands out because of both the wallet’s age and the size of the deposit, which was directed to a centralized exchange rather than another on-chain address.
BlockBeats reported on July 21 that, according to OnchainLens, an ancient whale that had been inactive for four months transferred 1,000 BTC to cryptocurrency exchange Binance.
At current prices, the Bitcoin was worth about $65.56 million. The transfer may have been made in preparation for a sale.
The whale began accumulating Bitcoin in November 2013 and has continued trimming its holdings over the past year.
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