Billionaire Tim Draper is suspected of selling 150.84 bitcoins

According to Onchain Lens monitoring, the wallet associated with Tim Draper deposited 150.84 BTC (worth $11.62 million) into a CEX (possibly Coinbase) after holding it for a year, incurring a loss of $2.57 million.

Billionaire Tim Draper is a well-known venture capitalist who invested early in unicorn companies such as Tesla, Skype, Coinbase, Ledger, and Tezos.