A crypto whale, known for making substantial profits from Bitcoin, has recently amassed tens of millions of dollars worth of Bitcoin (BTC), as per on-chain data. The crypto tracker Lookonchain reports that between August 24th and September 2nd, this unidentified whale accumulated 6,000 BTC valued at $158.66 million, with an average price of $26,444 per Bitcoin.
The whale then deposited 3,000 BTC, worth $105.7 million, to Binance at a price of $35,241 per Bitcoin, thereby making a total profit of $26.4 million. Lookonchain also highlights that this same whale accumulated 1,750 BTC, worth $76.9 million, from Binance between January 6th and 8th, at an average price of $43,953 per Bitcoin.
Furthermore, the whale acquired an additional 250 BTC on Monday at an average price of $46,970 per Bitcoin. As of now, it holds a total of 5,000 BTC, valued at over $233.5 million, as per BitInfoCharts. At the time of writing, BTC is trading at $46,957. The top-ranked crypto asset by market cap has seen an increase of over 7% in the past 24 hours.
Before Monday’s gains, the price of Bitcoin fell by more than $1,000 over a seven-hour period on Sunday. During this period, the Bitcoin mining pool F2Pool deposited 1,000 BTC, worth $43.96 million, to Binance. The mining pool also deposited 1,000 BTC, valued at $43.76 million, to Binance on Friday, as reported by the crypto tracker.
Investors are advised to conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are at the investor’s own risk, and any losses incurred are the investor’s responsibility. It is important to note that buying or selling any cryptocurrencies or digital assets is not recommended by the Daily Hodl, which is not an investment advisor.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | Binance, Lookonchain, F2Pool, The Daily Hodl, BitInfoCharts |
| Currencies | Bitcoin |
| Securities | None |
