While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry. However, the question for now is, while this whale has been buying up large quantities of BTC, have they been making a profit?
Bitcoin Whale Jumps To $3 Billion In 3 Months
The Bitcoin whale first appeared back in the middle of May 2023 starting with around 0.199 BTC worth $5,420 on its balance. But over the next few weeks, the whale would more than 100x its holdings, closing out the month of May with over 57,300 BTC, worth $1.59 billion at the time.
Despite its already substantial holdings, this whale would continue to add BTC to its balance and as data from BitInfoCharts show, the whale would almost 2x its balance from the end of May by the time that August rolls around.
3-month old...
