Gate News, April 14 — A whale address that accumulated $500 million in BTC and ETH in early February transferred 670 cbBTC, valued at approximately $50.11 million, to a major CEX earlier today, according to onchain analyst Yu Jin (@EmberCN).
The whale initially purchased 4,000 cbBTC in early February at an average cost of $73,837 per token. The partial sale today yielded a profit of roughly $1.1 million.
The address currently holds approximately $556 million in total assets, including 138,000 ETH (worth around $330 million) and 3,000 cbBTC (valued at about $226 million).
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