The wallet has accumulated nearly $100 million in ETH and WBTC since July and is sitting on an unrealized profit of $11.113 million, citing on-chain analyst Ai Yi.
A large crypto holder withdrew 50 WBTC from Binance eight hours before the report, lifting the wallet's combined ETH and WBTC position to more than $103 million. Citing on-chain analyst Ai Yi, Odaily said the address has accumulated nearly $100 million in ETH and WBTC since July and now holds 49,400 ETH and 300 WBTC. The average cost basis was about $1,705 for ETH and $63,027.58 for WBTC, leaving the position with an unrealized profit of $11.113 million. Large withdrawals from exchanges often indicate a move into self-custody rather than an immediate intention to sell, though the report did not state the holder's strategy.