Tim Draper moves 150 BTC to CEX at estimated $2.57M loss

According to Onchain Lens, a wallet associated with prominent U.S. venture capitalist and Bitcoin maximalist Tim Draper has transferred 150.84 BTC, worth approximately $11.62 million, to a centralized exchange (CEX) believed to be Coinbase. The assets had been held for about one year. The transfer is suspected to be for selling purposes and is estimated to have resulted in a loss of approximately $2.57 million.