2 November 2024
Biggest Bitcoin Whale In History Moved $225,000,000 In BTC
Recently one of the largest bitcoin whales in history has made a historic move by shifting huge crypto fortune to the tune of hundreds of millions of dollars.
An unknown whale just moved 14,623 BTC worth $225 million for a fee of just $5.47
Bitcoin Block Bot, an automatic blockchain tracking tool spotted this transaction.
Source: Blockchain.com
As per block explorer data, the bitcoin was moved to three different addresses.
The first unknown wallet received 14,692 BTC, the second received one BTC and a third wallet received less than one Bitcoin.
BitInfoCharts reveals that the whale created the original wallet on November 6th. On the same day, the wallet started receiving ample amounts of bitcoin and it became the 50th richest wallet in existence on November 10th.
This whale could be an institution or a crypto custodian managing the BTC on behalf of its clients. Security could also be one of the reasons this whale is shifting the crypto asset across multiple wallets.
Currently, no wallets are in question that have links to a company that invests or works in the crypto industry. Also, it should be noted that bitcoin has not moved to any known addresses owned by crypto exchanges, where it could be sold and traded on the open market.
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