Early WBTC Whale Cashes Out — Over $21M in Realized Gains, 10x Return

A long-term whale address — 0xE940ae8cF59fE2709BBc572CBAD2633fB45Abf46 — is back in motion after years of holding.

This address began accumulating 1,074 $WBTC at an average price of $10,708 roughly four years ago. Just five hours ago, it sold 90 WBTC, potentially locking in a profit of $9.65 million — a 1,001% return.

The activity didn’t stop there. Over the last 24 hours, the wallet has deposited a total of 300 #WBTC (≈$35.37 million) to HTX, including a recent 200 WBTC deposit just two hours ago, valued at $23.58 million.

If sold at the current recharge price of $117,908 per WBTC, that move alone would generate a profit of around $21.44 million, pushing the overall return above 10x.

Despite the massive transfers to exchanges, the address still holds approximately 1,400 WBTC, signaling there could be more to come.