Kadan Stadelmann, chief technology officer at Komodo Platform, speculates the whale might be securing its “jaw-dropping profits” after 14 years of holding.
A Satoshi-era Bitcoin whale with 80,201 Bitcoin has shifted the other 40,192 Bitcoin, worth $4.77 billion, to Galaxy Digital, joining a 40,009 BTC transfer to the asset manager on Tuesday.
Blockchain onchain data service Onchain Lens was among the first to notice the new transfer. This means the whale has shifted 80,201 to Galaxy Digital in the last four days, equating to $9.6 billion at current prices.
During this time, at least 6,000 Bitcoin (BTC) have been sent to crypto exchanges Binance and Bybit, blockchain intelligence platform Nansen shows.
