Over 2,200 Bitcoin Worth $197 Million Moved to OKX Exchange
A dormant Bitcoin whale moved 400 BTC to OKX for $34.92 million after eight years, earning $30.4 million, reflecting persistent large-scale transfers to the exchange.
BTC
Summary
A long-inactive Bitcoin whale transferred 400 BTC, valued at $34.92 million, to the cryptocurrency exchange OKX after eight years without activity, according to Onchain Lens. The transaction netted an estimated $30.4 million in profit for the whale. This movement follows a previous significant transfer of 2,278 BTC worth about $197.5 million from an unidentified wallet to OKX, underscoring ongoing patterns of high-value Bitcoin flows to the platform.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, a decentralized digital currency.
- OKX: A cryptocurrency exchange offering trading, lending, and staking services.
- Wallet: A digital tool for storing and managing cryptocurrency holdings.