Whale Sells Bitcoin Hoard from 13 Years Ago for $72 Million

Major investor moves 1,000 BTC to Binance, valued at $71.6M, noted by analysts.

On March 18, a major early investor transferred approximately 1,000 BTC, valued at $71.6 million, to the Binance exchange. This activity was noted by analysts at EmberCN. 

[13 年前囤积 5,000 枚 BTC 远古巨鲸] 7 小时前再次卖出了 1,000 枚 BTC ($7157 万)。

◎他在 13 年前 (2013 年 11 月) 以 $332 的价格囤积 5,000 枚 BTC，然后从 2024 年 11 月开始卖出。
◎目前已经有 3,500 枚 ($3.32 亿) 被他转进了币安，均价约 $94,786，实现收益 $3.3 亿。
◎现在他还持有着… pic.twitter.com/lZohCloFgT

— 余烬 (@EmberCN) March 19, 2026

According to experts, the whale acquired 5,000 BTC at $332 per coin in 2013. In November 2024, they began liquidating assets, sending 3,500 BTC worth $332 million to the largest crypto exchange. 

The average sale price was $94,786, with the investor’s total profit exceeding $330 million. They still hold 1,500 BTC valued at $106.8 million. 

Meanwhile, another early Bitcoin investor sold 650 BTC valued at $46.3 million, as noted by Lookonchain. 

Bitcoin OG Owen Gunden, who previously sold 11K $BTC($1.12B), sold another 650 $BTC($46.3M) 10 hours ago.https://t.co/Fx6wtq0Whmhttps://t.co/dU3RoJViyh pic.twitter.com/K6e9RwwWsD

— Lookonchain (@lookonchain) March 19, 2026

Considering previous transactions, they have liquidated approximately 11,000 BTC for $1 billion. Analysts associate this wallet with Owen Gunden, though independent confirmation is lacking. Such assumptions have often sparked debates within the community. 

At the time of writing, Bitcoin is priced at $69,800, having dropped 5.5% in the past 24 hours. 

Ethereum Whale Activity

According to Lookonchain, on March 18, an unidentified large investor purchased Ethereum worth over $111 million.

A mysterious whale returned after 7 months of inactivity and spent 111.62M $USDT to buy back 50,706 $ETH at an average price of $2,201.

1 year ago, this whale sold 28,683 $ETH at an average price of $3,892 for 111.62M $USDT.

What a perfect buy-low-sell-high move!… pic.twitter.com/3F56jkgr2y

— Lookonchain (@lookonchain) March 19, 2026

The trader used two addresses to purchase 50,706 ETH at an average price of $2,201, spending 111.62 million USDT. This marks the first activity from the wallet after seven months of dormancy, experts noted. The source of funds was last year’s sale: in March 2025, this same whale sold 28,683 ETH at $3,892 per coin. 

On March 16, Lookonchain specialists reported that former ShapeShift CEO Erik Voorhees acquired 24,968 ETH worth $56.5 million. He used two wallets for the purchase. Later, Voorhees denied the information. 

not me

— Erik Voorhees (@ErikVoorhees) March 17, 2026

At the time of writing, Ethereum is trading around $2,700, having decreased by 6.4% in the last 24 hours. 

Earlier in March, investment bank Citigroup revised its annual Bitcoin price forecast from $143,000 to $112,000. The target level for the leading altcoin was adjusted from $4,304 to $3,175.