Whale Purchases $20M in WBTC at $109,219 Average Price

Whale Purchases $20M in WBTC at $109,219 Average Price

A whale address with 352.43 WBTC since 2020 moved holdings to Binance, realizing a $21.25M profit and a 113% ROI over five years.

WBTC

Fact Check
The statement is strongly supported by a consistent and credible body of evidence. Five of the seven provided sources directly corroborate all key details of the claim: the purchase of approximately $20 million worth of Wrapped Bitcoin (WBTC) at an average price of $109,219 per WBTC.The primary source of this information appears to be the on-chain data analysis account, EyeOnChain (Source 1), which has a high authority rating and provides a verifiable wallet address. This source is cited or independently confirmed by four other news outlets (Sources 2, 3, 4, and 5), creating a high degree of consistency across the board. These secondary sources, while having slightly lower authority, all report the exact same figures, reinforcing the initial claim.Crucially, there are no contradictions among the relevant sources. The two sources deemed irrelevant (Sources 6 and 7) discuss entirely different subjects and do not challenge the validity of the statement. The presence of verifiable on-chain data, coupled with unanimous reporting from multiple sources, makes the statement highly credible.
Summary

On Oct. 22, analytics identified a whale wallet holding 352.43 WBTC since 2020 at an average acquisition cost of $53,180, totaling $18.74 million. In the last two weeks, the address transferred WBTC valued at $18.74 million into Binance at $113,463 per token, potentially securing a $21.25 million profit. This marks a gain of 113% over the five-year holding period.

Terms & Concepts
  • WBTC (Wrapped Bitcoin): An ERC-20 token pegged to Bitcoin's value, allowing BTC to be used within the Ethereum ecosystem.
  • On-Chain Data: Blockchain-recorded transaction information used to analyze market trends, asset flows, and trading strategies.
  • Whale: A term for an individual or entity that holds large amounts of cryptocurrency, capable of influencing market movements.