A crypto whale suddenly moves hundreds of millions of dollars worth of Bitcoin (BTC) across two separate transactions.
According to data from crypto whale-watching platform Whale Alert, the well-funded investor first transferred 11,299 BTC worth about $228 million from an undisclosed wallet to an undisclosed wallet before transferring 14,545 BTC, worth nearly $290, about eight hours later $.5 million transferred.
Data from crypto exchange platform Blockchain.com shows that the wallet appears to have no ties to digital asset exchanges, but sent and received the top virtual asset by market cap, worth over $3 billion in 309 separate transactions on the BTC blockchain Has .
Bitcoin is changing hands for $19,583 as of this writing, down 2.5% over the past 24 hours.
The wallet, which currently has a total balance of $203.63, was once the 8th largest crypto wallet in the world, according to BitInfoCharts. The data aggregation site also notes that the address has benefited a total of $274 million from trading the leading digital asset.
Whale Alert also notes the emergence of XRP and Ethereum (ETH) whales.
Two days ago, an XRP whale moved 105 million XRP worth $51,403,328 from an unknown wallet to an unknown wallet, while another wealthy trader moved 40,121 ETH worth $55,161,665 from one anonymous address to another Has.
XRP is trading at $0.494 at the time of writing, a fraction of the daily loss, while the second largest crypto asset by market value is currently valued at $1,336, down 2.5% since yesterday.
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Featured image: Shutterstock/Suwin/Konstantin Faraktinov
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