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Whale moves 500 BTC worth $38M from decade-old wallet through Wintermute and Binance links

Market News
19 May 2026
Bitcoin
View Source
Neutral
pluang ai news

A Bitcoin whale transferred 500 BTC, valued at over $38 million, from a wallet dormant for more than 10 years. The coins, originally bought in January 2016 when BTC was $382, were moved through Wintermute's OTC desk and linked to a Binance deposit wallet. This move highlights the long-term value growth of early Bitcoin holdings and suggests increasing institutional activity in the crypto market. Despite recent price dips, the decade-old investment shows a nearly 20,000% return, underscoring the benefits of long-term holding.

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