According to Odaily, a blockchain analyst named Yu Jin reported that a major cryptocurrency holder, often referred to as a 'whale,' sold 129.4 Wrapped Bitcoin (WBTC) four hours ago, converting them into 12.34 million USDT. This transaction marked the complete liquidation of the whale's WBTC investment, resulting in a total profit of 7.79 million USD.
The whale initially purchased 283 WBTC six months ago in August 2024, using 18.58 million USDT at a price of 65,671 USD per WBTC. The selling process began three months ago and concluded today, with an average selling price of 93,194 USD per WBTC, culminating in the substantial profit.
