Galaxy has recently disclosed that it conducted a sale of over 80,000 Bitcoin valued at more than $9.3 billion on behalf of a Satoshi-era whale, marking one of the largest transactions in cryptocurrency history. This transaction signifies one of the earliest and most notable exits from the digital assets market. The Bitcoin whale, who had held the coins for 14 years, sparked intrigue in the crypto community as they moved a substantial amount of Bitcoin to Galaxy's addresses. Blockchain analyst JA_Maartun confirmed that the coins sold were linked to the same investor using Galaxy for the sale. Further speculation by CryptoQuant's CEO suggested that the coins originated from a wallet service that went offline due to a hack in 2011. Despite the massive sale, Bitcoin's price only dipped 1% within a day, holding steady around $117,274, which is roughly 5% below its all-time high of $122,838. This event illustrates the complexities of Bitcoin whales and the potential market impacts when significant holders decide to liquidate their assets.

Source đź”—