Bitcoin Whale Transfers 3,500 BTC ($408M) After 3-Year Dormancy — $305M Profit Since Gemini Withdrawal

According to COINOTAG News on August 23 and on-chain monitoring by LookIntoChain, a Bitcoin whale address that had been dormant for three years transferred 3,500 BTC (approximately $408 million) to a new address roughly 10 hours ago, a notable on-chain whale movement flagged by analytics platforms.

Historical records indicate the same address withdrew the 3,500 BTC from Gemini three years prior, when the aggregate value was about $103 million, implying an average withdrawal price near $29,620.

Based on these documented figures, the position now reflects a realized/unrealized uplift of roughly $305 million (+294%) compared with the original withdrawal value; market participants and on-chain analysts will continue to monitor further transaction activity for verified developments.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.