According to Lookonchain, the wallet address “bc1q8w” bought 300 BTC worth about $23.03 million after two years of inactivity, updating earlier reports that had described the activity as a transfer to Binance.
The claim is likely true because the original source captured in x post 2048396675082027299, resolved to Lookonchain, directly states that a dormant whale moved 300 BTC worth about $23.4M to Binance after two years. This is corroborated by PANews' 休眠两年的巨鲸将300枚BTC存入币安，卖出后或获利1760万美元 and CoinPost's 休眠2年のクジラ、300BTCをバイナンスに入金 含み益は約28億円＝Lookonchain, both of which attribute the report to Lookonchain. However, the provided Arkham source did not yield transaction-level evidence in the fetch output, so independent on-chain confirmation was not obtained from primary blockchain tooling in this run. That limits confidence somewhat, but the source chain consistently supports the claim.
According to Lookonchain, Bitcoin whale address “bc1q8w” bought 300 BTC worth about $23.03 million after two years of inactivity. Lookonchain also said the same address had withdrawn about 322.57 BTC from Binance two years earlier at a Bitcoin price of $28,179, then valued at about $9.09 million. This new report differs from the existing account that described the activity as a 300 BTC transfer to Binance, so both versions remain unverified in the available source material.