Unknown Crypto Trader Makes $24 Million Profit on Binance Wrapped Bitcoin Trades; Dormant Ethereum Wallet from 2014 Moves $42 Million to Kraken
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An unknown crypto trader made over $24 million in profits trading Wrapped Bitcoin (WBTC) on Binance, according to on-chain data.
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The trader bought WBTC at low prices and sold at higher prices using 3 separate wallets that worked in tandem.
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One wallet made $11.6 million in profits, while two others each made $6.3 million.
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Lookonchain spotted a wallet that participated in Ethereum's ICO in 2014, woke up after years of dormancy, and moved 20,000 ETH worth $42.4 million.
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10 ETH from that wallet was eventually deposited to crypto exchange Kraken.