A crypto whale is turning heads after moving nearly $1 billion worth of Bitcoin in a single transaction.
The automated distributed ledger monitoring tool known as Bitcoin Block Bot detected the massive BTC movement. The whale in question moved 20,099 BTC worth $932 million for a fee of roughly $37, according to Blockchain.com.
Before the enormous BTC migration occurred, the sending crypto whale was the 39th largest Bitcoin holder on Earth.
The BTC was sent to two unidentified wallets, the first of which received 300 BTC and was created on December 16th of 2020. Currently that wallet contains only the 300 BTC it received from said crypto whale, which is worth roughly $14 million.
The second address involved in the transaction received a whopping 19,799.99 BTC worth approximately $928 million. According to BitInfoCharts, the wallet which obtained most of the whale’s BTC was created on the day of the transaction and still holds the entire sum of BTC it was sent.
The whale moved their massive BTC trove on the same day Bitcoin crossed the $47,000 mark.
Recent research from crytpo analytics firm Glassnode indicates that since the start of 2021, there has been a large uptick in Bitcoin holders with more than 1,000 BTC.
The research firm also reports that Ethereum has seen a large jump in wallets holding more than 10,000 ETH. In the past three months ETH whales have increased drastically “reaching levels not seen since May 2019,” according to Glassnode.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