Bitcoin Whale Makes Waves with $525 Million in Massive Transactions
In recent transactions involving Bitcoin whales, Whale Alert, a platform that tracks significant cryptocurrency movements, reported some noteworthy events.
An anonymous Bitcoin whale moved over $525 million, which is equivalent to 20,054 BTC, from one undisclosed wallet to another. The transaction fee for this transfer amounted to approximately 0.00530 BTC or $139.
In a separate transaction, another anonymous whale transferred 11,261 BTC, valued at over $295.1 million, from one unknown wallet to another. The transaction fee associated with this transfer totaled 0.000498 BTC or $13.05.
Whale Alert also identified several significant Bitcoin transactions during the same period. These include 847 BTC, worth over $22.2 million, transferred from the crypto exchange Coinbase to an unknown wallet. Additionally, 1,842 BTC, valued at over $48.5 million, moved from an undisclosed wallet to Coinbase.
Moreover, 845 BTC, worth more than $22.2 million, were transferred from Coinbase to an unknown wallet. Furthermore, 1,843 BTC, valued at over $48.5 million, were sent from an undisclosed wallet to Coinbase.
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In another transaction, 2,000 BTC, worth more than $52.4 million, shifted from the crypto exchange Bitfinex to an unknown wallet.
Additionally, 1,847 BTC, valued at over $48.6 million, were transferred from an undisclosed wallet to Coinbase. Lastly, 854 BTC, worth more than $22.4 million, were moved from Coinbase to a new unidentified wallet.
As of the time of writing, Bitcoin is being traded at $26,493, reflecting a 0.7% increase in the last 24 hours. However, according to market cap rankings, the cryptocurrency has experienced a 6.3% decline over the past 30 days.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
