BTC Whale Sells 400 BTC, Still Holds $318M in Remaining Balance

In Brief:

Whale address 12d1e4 sold 400 BTC (~$40.6M) to Binance 6 hours ago.

Since April, the whale has sold 6,900 BTC and still holds 3,100 BTC.

On June 22, blockchain tracker Lookonchain reported that a Bitcoin whale, identified by address prefix 12d1e4, deposited 400 BTC—worth around $40.59 million—to Binance. This is the latest in a series of large transfers, as the wallet has sold 6,900 BTC (approximately $625.59 million) since April 3, 2024. Despite the substantial offloading, the whale still retains 3,100 BTC, currently valued at about $318.4 million. These moves continue to draw attention from analysts monitoring potential market impact from large-scale whale activity.

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