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Mysterious Bitcoin Whale Abruptly Moves Over $525,000,000 in BTC – Here’s Where the Crypto’s Headed

Bitcoin

dailyhodl.com 26 May 2023 07:35, UTC
  
Reading time: ~2 m

An anonymous Bitcoin (BTC) whale is suddenly moving over $525 million of the crypto king in a single huge transaction.

According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted on Thursday a staggering 20,054 BTC worth about $525.7 million at time of writing from one unknown crypto wallet to another.

The transaction fee totaled 0.00530 BTC, or $139.

Around the same time on Thursday, another anonymous whale made a huge transaction, sending 11,261 BTC worth more than $295.1 million from one unknown to another unknown wallet, according to Whale Alert.

The transaction fee totaled 0.000498 BTC, or $13.05.

Other notable Bitcoin whale transactions on Whale Alert’s radar on Wednesday and Thursday include:

  • 847 BTC worth more than $22.2 million transferred from crypto exchange Coinbase to an unknown wallet
  • 1,842 BTC worth more than $48.5 million transferred from an unknown wallet to Coinbase
  • 845 BTC worth more than $22.2 million transferred from Coinbase to an unknown wallet
  • 1,843 BTC worth more than $48.5 million transferred from an unknown wallet to Coinbase
  • 2,000 BTC worth more than $52.4 million transferred from crypto exchange Bitfinex to an unknown wallet
  • 1,847 BTC worth more than $48.6 million transferred from an unknown wallet to Coinbase
  • 854 BTC worth more than $22.4 million transferred from Coinbase to an unknown new wallet

Bitcoin is trading for $26,493 at time of writing, up 0.7% during the last 24 hours. The top-ranked crypto asset by market cap is down 6.3% in the last 30 days.

Generated Image: Midjourney


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