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.
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