Bitcoin Whale Abruptly Moves $516,537,079 in BTC Over Two Huge Crypto Transactions
A crypto whale suddenly moves hundreds of millions of dollars worth of Bitcoin (BTC) over two separate transactions.
According to data from crypto whale watching platform Whale Alert, the deep pocket investor was originally moved 11,299 BTC worth about $228 million from an unknown wallet to an unknown wallet before transfer 14,545 BTC worth almost $290.5 million about eight hours later.
Data from crypto exchange platform Blockchain.com reveals that the wallet appears to have no ties to digital asset exchanges, but has both sent and received over $3 billion worth of the top virtual asset by market capitalization through 309 different transactions on the BTC blockchain.
Bitcoin is changing hands at $19,583 at the time of writing, down 2.5% in the last 24 hours.
The wallet, which currently has a total account balance of $203.63, was once the eighth largest crypto wallet in the world, according to BitInfoCharts. The data aggregation site also finds that the address has made a total of $274 million trading the leading digital asset.
Whale Alert also notes the rise of XRP and Ethereum (ETH) whales.
Two days ago, an XRP whale shifted 105 million XRP worth $51,403,328 from an unknown wallet to an unknown wallet while another valuable trader moved 40,121 ETH worth $55,161,665 from one anonymous address to another.
XRP is trading at $0.494 at the time of writing, a fractional loss on the day, while the second largest crypto asset by market capitalization is currently valued at $1.336, down 2.5% since yesterday.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Suwin/Konstantin Faraktinov
