Aug 27, 11:27 AM

Dormant 2012 Bitcoin Whale Sends $83 Million to Binance

A long-dormant Bitcoin address that accumulated 5,000 BTC in late 2012–13 moved 750 BTC—valued at roughly $83 million—to cryptocurrency exchange Binance within an hour on 27 Aug. On-chain data tracked by analytics firms including Nansen shows the coins were originally purchased for about $122 each, implying a gain of more than 900-fold on the portion transferred. The wallet has now sent 1,750 BTC to Binance over the past nine months at an average price of approximately $106,000, leaving a balance of about 3,250 BTC worth $359 million at prevailing market prices. Large transfers from early-era holders are closely watched because they can foreshadow increased liquidity and potential selling pressure in the market.

#Bitcoin #Binance #Nansen

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