A crypto whale with a recent track record of raking in big profits with Bitcoin just amassed tens of millions of dollars worth of BTC, according to on-chain data.
Crypto tracker Look at chain says that between August 24 and September 2, the unknown whale collected 6,000 BTC worth $158.66 million at 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, making a total profit of $26.4 million.
Lookonchain notes that the same whale collected 1,750 BTC worth $76.9 million from Binance from January 6 to 8 at an average price of $43,953 per Bitcoin.
The whale also collected another 250 BTC on Monday at an average price of $46,970 per Bitcoin. It currently owns a total of 5,000 BTC worth over $233.5 million BitInfoCharts.
BTC is trading at $46,957 at the time of writing. The highest-ranked crypto asset by market capitalization is up more than 7% in the past 24 hours.
Ahead of Monday’s gains, Bitcoin’s price fell by more than $1,000 over a seven-hour period on Sunday. Look at chain notes that Bitcoin mining pool F2Pool deposited 1,000 BTC worth $43.96 million to Binance during that period.
According to the crypto tracker, the mining pool also deposited 1,000 BTC worth $43.76 million to Binance on Friday.
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Generated image: DALLE3