Crypto whale watchers just witnessed the movement of a vast BTC fortune to the tune of hundreds of millions of dollars.
A high-rolling anonymous entity transferred 22,816 BTC worth $386 million for a fee of just $14.83.
The transfer was first sighted by the automated distributed ledger tracking tool known as Bitcoin Block Bot.
According to the latest block explorer data, the whale moved the massive BTC trove to three separate wallets. One wallet with a total of 18 transactions received 1,370 BTC. Another wallet with total of four transactions collected 21,446 BTC. The third wallet with a total of two transactions received less than one BTC.
BitInfoCharts reveals that the whale created the original wallet on October 28th. It became the 112th wealthiest wallet in existence after receiving a substantial amount of BTC on the same day. It continued to collect more BTC en route to becoming the 31st richest wallet on November 25th.
The whale in question could be a custodian or institution managing crypto assets on behalf of its clients. The big-time crypto entity may also be moving BTC across multiple addresses for security purposes.
More Bitcoin whales are making their presence felt. In the last 48 hours, other large Bitcoin holders moved a total of 13,734 BTC worth $231 million. When adding the enormous BTC transaction mentioned above, whales moved a total of 36,550 BTC worth $617 million in the last two days.
Five of the transactions involved moving huge sums of BTC from crypto exchanges to unknown wallets. Two transactions transferred the BTC from unknown wallets to crypto exchanges and an additional two transactions moved the BTC between crypto exchanges.
Meanwhile, one transaction moved the BTC from a payment service to an unknown wallet and another transaction transferred the BTC from a payments platform to a crypto custodian.
Featured Image: Shutterstock/Maria T Hoffman