With this latest transaction, the investor’s total profit from selling the bitcoins amounts to $44.28 million.
This comes at a time when the cryptocurrency market is experiencing heightened volatility and speculation, with investors constantly monitoring the market for potential gains. The address previously raised 801 bitcoins from the HTX cryptocurrency exchange five years ago, when the average price was $10,297 per bitcoin.
This implies the investor has a substantial amount of capital at stake. The “Diamond Hand” address sold 500 bitcoins in the past month, amounting to approximately $32.13 million. The investor’s successful transaction, however, demonstrates the potential for significant profits in the bitcoin market.
Title: Bitcoin Investor Sees $44.2m Profit After Selling 199 Bitcoins
A bitcoin investor referred to as a “Diamond Hand” address on blockchain platform Lookonchain has sold another 199 bitcoins (worth approximately $13.55 million) an hour ago. Currently, the address holds 301 bitcoins (worth around $20.42 million).
