On-chain data indicates the wallet deposited 40 Wrapped Bitcoin to an exchange for the first time after accumulating 50.91 WBTC, while still retaining 10.965 WBTC on-chain.
A large crypto wallet appears to have transferred 40 Wrapped Bitcoin to an exchange, according to the provided on-chain data, in a move tied to an estimated $847,000 profit and a 35.7% return. The address, identified as 0x99a…d2C96, reportedly withdrew a total of 50.91 WBTC from exchanges over the stated accumulation period and still holds 10.965 WBTC on-chain. The new detail is that this transfer is described as the wallet’s first deposit back to an exchange, suggesting a first realized move after a longer accumulation phase rather than a full exit.