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Crypto

Whale Withdraws $7.8M in WBTC Amid Substantial Holdings

Guavy AI Editorial Team
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A significant whale has been observed withdrawing large amounts of cryptocurrency from an exchange. According to on-chain analyst Ai Aunt, this whale removed 120 WBTC worth approximately $7.8 million in just two hours.

This transaction marks the latest move by the whale, which has accumulated positions totaling 59,400 ETH and 820 WBTC since July. The combined value of these holdings is around $156 million, with an average cost of $1,742 for Ethereum and $64,329 for Bitcoin (WBTC).

The analyst notes that this whale has achieved a substantial unrealized profit of approximately $8.927 million.

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