According to Lookonchain monitoring, a wallet address suspected to be associated with renowned venture capitalist Tim Draper deposited 1,000 BTC (worth approximately $61.82 million) into Coinbase Prime about 7 hours ago. Tim Draper purchased about 29,656 BTC (from Silk Road seized assets) at a price of approximately $632 per BTC in a 2014 US Marshals auction. This large deposit has drawn market attention.
According to on-chain monitoring platform Lookonchain, a wallet address suspected to be associated with renowned venture capitalist Tim Draper deposited 1,000 BTC, worth approximately $61.82 million, into Coinbase Prime approximately 7 hours ago.
Tim Draper previously purchased about 29,656 BTC (from Silk Road seized assets) at approximately $632 per BTC during a 2014 US Marshals auction. This recent large transfer has attracted market attention.
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