A huge Bitcoin transaction is causing a stir among crypto traders.
A big-time, anonymous crypto holder just moved all of the Bitcoin in one of the richest wallets in existence, sending 19,722 BTC worth more than $243 million for a fee of $139.
The transaction was first sighted by the whale-watching bot Whale Alert.
The sending wallet, which first received the Bitcoin back in December 2018, was ranked as the 37th biggest BTC address in the world prior to the transaction.
According to the latest blockchain data, the whale moved the Bitcoin to an empty BTC wallet. The receiving wallet then redistributed the Bitcoin to a flurry of different addresses in 195.2 BTC chunks, with the exception of one address, which was sent an even 200 BTC.
So far, the cryptocurrency does not appear to be heading to any known crypto exchange addresses, where it could be sold on the open market. Since none of the addresses have been identified, it’s unknown if the BTC belongs to an early investor or an institution managing large sums of crypto.
Data from the crypto analytics firm Glassnode shows the number of Bitcoin whales in existence has been on the rise since January, hitting a peak last seen in September of 2017.