A vast Bitcoin fortune is suddenly on the move as one of the largest BTC addresses in history comes to life.
An anonymous whale transferred 11,230 BTC worth $116 million for a fee of just $2.14. The transfer was first discovered by the automated distributed ledger tracker known as Bitcoin Block Bot.
According to the latest block explorer data, the whale moved the coins to two separate addresses.
An unknown wallet with a total of one transaction received 2,730 BTC. Another wallet that received 8,500 BTC also has a record of one transaction.
BitInfoCharts shows that the whale created the original wallet on July 14th. The wallet started receiving substantial amounts of BTC on July 23rd on the way to becoming the 28th wealthiest Bitcoin wallet in existence on September 11th.
The whale in question could be a custodian or institution managing cryptocurrencies on behalf of its clients. The big-time crypto holder could also be moving BTC across multiple addresses for security purposes.
However, none of the addresses involved have known links to a company in the crypto industry. The BTC has not moved to any known crypto exchange wallets, where it could be traded and sold in the open market.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/alleachday