Whale Abruptly Sends $400,000,000 in Bitcoin to Coinbase in Massive Crypto Transfer

A massive whale is turning heads after relocating nearly half a billion worth of Bitcoin in a single transaction.

The automated blockchain surveilling tool known as Whale Alert detected the huge $BTC transfer.

The whale involved transferred 8,000 $BTC, worth $399.9 million from a wallet of unknown origin to US-based crypto exchange Coinbase for a fee of just $26, according to Blockchain.com.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 8,000 #$BTC (399,897,857 USD) transferred from unknown wallet to #Coinbase

Tx: https://t.co/kdBweaZlGw

— Whale Alert (@whale_alert) February 25, 2021

Prior to the enormous $BTC migration, the whale in question was the owner of the 215th richest Bitcoin address in the world.

The $BTC was sent to two unidentified wallets, the first of which received less than one $BTC and has a total of one transaction. The second wallet with a total of six transactions collected 8,000 $BTC.

Over the past 24 hours, other large $BTC transfers have been sighted as Bitcoin plummets to a seven-day low of $44,454. All in all, whales moved an additional 42,447 $BTC worth $2.02 billion over the same time period.

Nine transfers involved billions of dollars worth of $BTC moving between wallets of unknown origin and two whales shifted $BTC from Coinbase to unknown wallets. Here’s the summary of the biggest $BTC transactions in the last day:

• 7,057 $BTC worth $333.8 million sent from unknown wallet to unknown wallet
• 6,649 $BTC worth $314.5 million sent from unknown wallet to unknown wallet
• 4,820 $BTC worth $227.8 million sent from unknown wallet to unknown wallet
• 3,855 $BTC worth $182.3 million sent from unknown wallet to unknown wallet
• 3,400 $BTC worth $163.3 million sent from unknown wallet to unknown wallet
• 3,195 $BTC worth $151.1 million sent from unknown wallet to unknown wallet
• 2,941 $BTC worth $144.8 million sent from unknown wallet to unknown wallet
• 2,865 $BTC worth $134.7 million sent from Coinbase to unknown wallet
• 2,855 $BTC worth $137.1 million sent from Coinbase to unknown wallet
• 2,436 $BTC worth $118.6 million sent from unknown wallet to unknown wallet
• 2,374 $BTC worth $112.2 million sent from unknown wallet to unknown wallet

Whale Alert also reports three transfers of Ethereum ($ETH) worth at least $100 million over the past 24 hours, which were all moved between wallets of unknown origin.

• 105,440 $ETH worth $157.7 million sent from unknown wallet to unknown wallet
• 98,068 $ETH worth $146.7 million sent from unknown wallet to unknown wallet
• 80,982 $ETH worth $128.3 million sent from unknown wallet to unknown wallet

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