Bitcoin's Original Degen Stirs, Dumps $442M of a 266x Bag

A Bitcoin OG who snagged 5,000 BTC in November 2013—when it was a humble $332 and the only "to the moon" was a nursery rhyme—has finally emerged from crypto-hibernation. On-chain sleuths at Lookonchain spotted the whale beginning to offload in late November 2024, shuttling 3,500 BTC to Binance at around $94,800 a pop. That single transaction alone cashed out a cool $330 million in pure, unrealized gain—enough to make even a Satoshi statue blush.

According to Arkham Intelligence, the whale wasn't done flexing, sending another 1,000 BTC to the exchange just seven hours ago for roughly $71.57 million more. The remaining 1,500 BTC, worth about $106 million at today's slightly queasy price of $70,840, is still parked in the address, presumably waiting for its turn in the liquidity queue.

In total, this prehistoric creature has transformed a $1.66 million bet into roughly $442 million—a 266x return that would make any modern degen's leverage play look like a savings account. The entire saga was highlighted in a Lookonchain tweet on March 19, 2026, providing on-chain proof that diamond hands do eventually need to pay taxes.

This is not investment advice, but frankly, this whale doesn't need it.