One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion
Galaxy, an institutional crypto firm, reported a monumental sale involving over 80,000 Bitcoin—worth more than $9 billion—conducted on behalf of a Satoshi-era investor. This transaction is described as one of the largest notional Bitcoin sales in crypto history and signifies an essential exit from the digital asset market. A whale, who had held these coins for 14 years, moved them to Galaxy's addresses. The movement was noted by blockchain analysts, who indicated the coins likely belonged to an early wallet service called MyBitcoin.com that succumbed to a hack in 2011. Despite this massive sale, Bitcoin's price has only dipped slightly by roughly 1%, remaining resilient at around $117,274, which is nearly 5% below its all-time high of $122,838. Analysts attribute the potentially limited impact on the price to the stable market conditions.
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