A crypto whale is turning its head after moving almost $ 1 billion in Bitcoins in a single transaction.
The automated distributed reason monitoring tool known as Bitcoin Block Bot detected the massive BTC movement. The whale in question handled 20,099 BTC worth $ 932 million for a fee of approximately $ 37, according to Blockchain.com.
Before the huge migration of BTC took place, the crypto emitter whale was the 39th largest holder of Bitcoins on Earth.
The BTC was sent to two unidentified wallets, the first of which received 300 BTC and was created on December 16, 2020. Currently, this wallet contains only 300 BTC that it received from the said cryptographic whale, which is worth about US $ 14 million.
The second address involved in the transaction received a whopping 19,799.99 BTC worth approximately $ 928 million. According to BitInfoCharts, the wallet that obtained most of the whale’s BTC was created on the day of the transaction and still holds the entire amount of the BTC that was sent.
The whale moved its huge BTC treasure the same day that Bitcoin surpassed the $ 47,000 mark.
Recent research by analyst crytpo Glassnode indicates that, since the beginning of 2021, there has been a huge increase in Bitcoin holders with over 1,000 BTC.
The research firm also reports that Ethereum saw a big jump in portfolios with more than 10,000 ETH. In the past three months, ETH whales have increased dramatically “reaching levels not seen since May 2019”, according to Glassnode.
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Featured image: Shutterstock / Tithi Luadthong