The Cumberland DRW associated address, which has been dormant for three years, deposited 650.93 BTC to CEX four hours ago, valued at 41.96 million US dollars

Bitget App

Trade smarter

Bitget2024/08/24 03:48

According to @ai_9684xtpa's monitoring, the Cumberland DRW associated address, which has been dormant for three years, deposited 650.93 BTC into CEX 4 hours ago (i.e., at the peak of BTC price), worth about 41.96 million USD. This batch of BTC was collected from multiple addresses by DRW six years ago, with an average price of only around 4000 USD; if sold this time, it will make a profit of about 15 times (deposit price is 64463 USD), equivalent to approximately 39.35 million USD.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

A whale sold 100 WBTC, with a total unrealized loss of $30.91 million.

Data: BTC options expiration of 143,000 contracts with a max pain point at $98,000; ETH options expiration of 572,000 contracts with a max pain point at $3,400.