Get the scoop on finance - sign up for mobile alerts
Categories: Bitcoin
| On
December 1, 2021

Massive Bitcoin Whale Moves Over $875,000,000 Worth of BTC – Here’s Where the Crypto Is Going

By Daily Hodl Staff

A Bitcoin (BTC) whale moved more than $875.7 million worth of Bitcoin in a single transaction as BTC’s price continued to move sideways on Tuesday.

The blockchain tracker Whale Alert first reported a transaction between two unknown wallets on Tuesday morning. A separate unknown wallet also received less than 0.002 BTC from the sending wallet.

ADVERTISEMENT

The nearly 15,075 Bitcoin moved for a transaction fee of 0.00001410 BTC, worth about $0.81 at time of writing, according to Blockchain.com.

A little more than two hours later, the receiving wallet of the first transaction sent almost all the Bitcoin to a different unknown wallet. The third unknown wallet sent the Bitcoin trove to fourth unknown wallet nearly three hours later.

Finally, a little more than an hour after receiving the BTC, the fourth unknown wallet moved nearly all of that Bitcoin to a fifth unknown wallet, where it sits at time of writing.

ADVERTISEMENT

The fifth and final unknown wallet is currently the 52nd-richest Bitcoin address in the world, with holdings worth $863,897,256 at time of writing, according to BitInfoCharts.

Here’s a summary of some of the other notable BTC whale transactions that happened on Monday and Tuesday:

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
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 cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal/Andy Chipus