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Tim Draper is pushing back against blockchain analysts who linked him to a wallet that moved 1,000 BTC to Coinbase Prime, while the venture capitalist used the attention to repeat his long-standing $250,000 price target for $BTC.
The denial arrived after on-chain researchers flagged the transfer and publicly attributed it to the Draper name.
What the Chain Actually Showed Blockchain analysts identified a wallet — which they connected to Draper — sending 1,000 BTC to Coinbase Prime, the institutional custody and trading arm of the exchange.
Coinbase Prime is a common destination for large holders looking to execute over-the-counter trades or custody assets under institutional infrastructure, though a transfer there does not confirm a sale.
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