Suspected Tim Draper-Linked Wallet Deposits 1,000 BTC to Coinbase Prime, Valued Over $61 Million
According to Lookonchain monitoring, a wallet suspected to be linked to prominent venture capitalist Tim Draper deposited 1,000 Bitcoin (worth approximately $61.82 million) into Coinbase Prime seven hours ago. Tim Draper famously purchased about 29,656 BTC from the U.S. Marshals Service auction in 2014 at an average price of $632 per coin, a total cost of $18.7 million. The peak value of this Bitcoin holding reached $3.74 billion, while the current value stands at around $1.82 billion. The large deposit into an institutional trading platform has sparked speculation of potential selling pressure, though considering Draper's long-term holding reputation, this move is more likely partial profit-taking or portfolio rebalancing.





