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Whale Moves $1,416,529,410 in Bitcoin Amid Volatile Market Shakeup – Here’s Where the Crypto Is Now

Whale Moves $1,416,529,410 in Bitcoin Amid Volatile Market Shakeup – Here's Where the Crypto Is Now


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.

The sending wallet was the 25th-largest Bitcoin address in the world before the transaction, according to BitInfoCharts.

Blockchain.com notes that 30,693 BTC of the total was sent to one address and 800 BTC to another.

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.”

The original sending address still holds 452 BTC, according to Blockchain.com.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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/local_doctor





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