Giant Whale Sells 320 BTC, Generates Over 90% Return on Investment
Publication Time:2024-08-07 11:06:07
According to on-chain tracking data from Spot, within the past week, a giant whale who accumulated a significant amount of Wrapped Bitcoin (WBTC) during last year’s bear market to achieve substantial profits, successfully sold 320 Bitcoins. The whale purchased these WBTC at an average cost of $26,176 each during the bear market, and after selling them, is estimated to have made a total profit of $21.3 million, representing an increase of approximately 91.3% on their investment costs. Despite this large-scale sale, the address of the giant whale still holds 250 WBTC, valued at around $14.3 million. This transaction highlights the volatility of the Bitcoin market and the potential for high returns on investment under different market conditions.
Bitcoin
giant whale
Profit
Investment Return
Wrapped Bitcoin
Wrapped Bitcoin (WBTC)