One of the richest Bitcoin holders on record just completed a huge crypto transfer.
Traders are searching for clues as to why the whale completely drained a Bitcoin wallet, sending the trove of BTC to an unknown address.
The crypto tracker Whale Alert spotted the single transaction of 14,922 BTC worth $143.96 million. The multi-million dollar transfer cost 0.00003138 BTC – which is about $0.30.
? ? ? ? ? ? ? ? ? ? 14,922 #BTC (143,962,779 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) May 18, 2020
According to BitInfoCharts, the wallet of origin steadily accumulated the BTC in a span of one month.
On April 5th, the wallet was the 58th richest Bitcoin address holding over 12,380 BTC worth $85.08 million.
By May 13th, the wallet had jumped 10 spots to claim the 48th richest Bitcoin address, storing more than 15,470 BTC which was worth $138.15 million at the time.
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New data shows Bitcoin whales are steadily accumulating BTC.
According to Glassnode, the number of Bitcoin addresses holding at least 1,000 BTC briefly dropped after the big crash in mid-March, but quickly returned to elevated levels as the market recovered.
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