Bitcoin whale watchers are following the movement of nearly a billion dollars worth of BTC.
One of the richest Bitcoin whales on record just transferred 31,010 BTC worth $981,000,000.
The transaction was sent from an unidentified wallet with no known ties to any crypto exchanges or platforms. It was first picked up by the automatic distributed ledger monitoring tool known as the Bitcoin Block Bot.
The massive BTC trove was sent to two separate unknown wallets in a single transaction. The fee cost just 0.00015 BTC worth approximately $4.71.
BitInfoCharts shows that the whale first created the sending wallet on October 26th of 2018. Since the wallet’s inception, it has always had a balance of 31,010.01 BTC.
The whale never moved more than $50 worth of Bitcoin until it drained the address this week.
None of the Bitcoin in question has been sent to any known crypto exchanges, where it could potentially be sold on the open market.
The whale is moving their BTC as the flagship cryptocurrency experiences a significant dip, dancing around the $29,000-$32,000 range.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Tithi Luadthong