Bitcoin Whale Abruptly Moves Over $600,000,000 in BTC
Bitcoin, the most valuable cryptocurrency by market cap, is being moved by a single crypto whale worth over $600,000,000. (BTC).
According to blockchain tracker Whale Alert, the wallet shifted 14,712 BTC worth $611,795,643 for a cost of 0.0000166 BTC, or less than $1, on April 21st.
Following the transfer, the large sum was sent to a number of different addresses until finally landing in an unknown wallet with only one transaction record on the blockchain.
This week, the whale tracker reveals large Bitcoin moves involving Coinbase, a leading US crypto exchange, and Xapo, a Gibraltar-based digital asset storage company.
Coinbase sent a total of $330,390,292 in BTC in two transactions and got a total of $119,515,471 in BTC from unknown wallets in two transfers.
Xapo transferred $46,171,989 in Bitcoin to an unidentified wallet
The massive transfers occur at a time when the price of BTC is hovering around $40,000. Whales are presently in an accumulating phase, according to popular on-chain analyst Will Clemente, who has 617,300 Twitter followers.
“BTC whales have been gathering for more than a month.”
Bitcoin is trading for $40,480 at time of writing, down 2.65% on the day but up 1.18% on the week. The leading crypto asset by market cap is down 4.4% on the month.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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Annie
CoinCu News
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Bitcoin
Bitcoin Whale Abruptly Moves Over $600,000,000 in BTC
Bitcoin, the most valuable cryptocurrency by market cap, is being moved by a single crypto whale worth over $600,000,000. (BTC).
According to blockchain tracker Whale Alert, the wallet shifted 14,712 BTC worth $611,795,643 for a cost of 0.0000166 BTC, or less than $1, on April 21st.
Following the transfer, the large sum was sent to a number of different addresses until finally landing in an unknown wallet with only one transaction record on the blockchain.
This week, the whale tracker reveals large Bitcoin moves involving Coinbase, a leading US crypto exchange, and Xapo, a Gibraltar-based digital asset storage company.
Coinbase sent a total of $330,390,292 in BTC in two transactions and got a total of $119,515,471 in BTC from unknown wallets in two transfers.
Xapo transferred $46,171,989 in Bitcoin to an unidentified wallet
The massive transfers occur at a time when the price of BTC is hovering around $40,000. Whales are presently in an accumulating phase, according to popular on-chain analyst Will Clemente, who has 617,300 Twitter followers.
“BTC whales have been gathering for more than a month.”
Bitcoin is trading for $40,480 at time of writing, down 2.65% on the day but up 1.18% on the week. The leading crypto asset by market cap is down 4.4% on the month.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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