A massive crypto whale has emerged on the Bitcoin network, moving more than $1.4 billion in BTC in a single transaction.
The move, which was first detected by the automated ledger tracker BTC Block Bot, sent 31,493 BTC worth $1,416,529,410 for a fee of just 0.00002784 BTC – equivalent to about $1.15.
BTC is trading at $41,396.30 at time of writing and was priced at nearly $45,000 when the whale transaction took place on Monday.
Whale alert! 🐋 Someone moved 31,493 BTC ($1B) in block 701,384 https://t.co/lnso9jw2q0
— Bitcoin Block Bot (@BtcBlockBot) September 20, 2021
The sending wallet was the 25th-largest Bitcoin address in the world before the transaction, according to BitInfoCharts.
The wallet that received more than 30,000 Bitcoin is now the 27th-largest BTC address in the world, with holdings worth nearly $1.3 billion at time of writing.
The address that received 800 BTC has already sent that Bitcoin off to a flurry of other BTC wallets.
“The crypto in question does not appear to be heading to any crypto exchanges, where it could potentially be sold on the open market.”
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