Crypto traders are tracking a jaw-dropping Bitcoin transfer of about $4.5 billion in BTC.
The movement, which was first detected by the automated ledger tracker BTC Block Bot, sent 103,510 BTC in a single transaction for a fee of just $21.
[adinserter block="1"]The move, which happened on Saturday, is one of the largest in Bitcoin’s history.
It dwarfs a $1.1 billion transfer of 88,857 BTC made in October of last year that was widely regarded as the largest dollar value Bitcoin transaction ever made.
A look at the sending address involved in Saturday’s transaction shows the cryptocurrency exchange Bitfinex is behind the transfer.
According to Bitinfocharts, the address is a cold wallet owned by the cryptocurrency exchange.
Although the exchange has not released a statement on the transaction, it has a history of moving large amounts of BTC on a fairly regular basis.
At time of publishing, the cold wallet remains the third-wealthiest Bitcoin address on record. Even after Saturday’s giant transfer, the wallet holds 98,511 BTC worth about $4.3 billion.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
[adinserter block="1"]
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Bubbledjango/RomanYa
