One of the richest Bitcoin (BTC) whales in existence is relocating nearly $2 billion worth of BTC while the crypto markets traded sideways over the weekend.
Blockchain explorer Blockstream reveals that a massive Bitcoin whale shifted 44,979 BTC worth $1.9 billion to two wallets of unknown origins.
One wallet collected 44,612 BTC worth $1.88 billion and immediately became the 14th-largest Bitcoin address, according to BitInfoCharts. A second wallet, which has a long history of Bitcoin transactions, received the rest of the BTC.
Blockstream also shows that the $1.9 billion Bitcoin transaction was included in a batch of transfers that only cost 0.00008496 BTC, or $3.56, in transfer fees.
Prior to the transfer, the wallet in question was the 12th-wealthiest Bitcoin address.
Meanwhile, whale-watching bot Whale Alert reports that deep-pocketed crypto investors moved over $163 million worth of BTC in the past day. One transaction involved the movement of BTC from a crypto exchange to a custodial platform. Two transfers moved BTC from unknown wallets to crypto exchanges, and one transaction shifted BTC from a crypto exchange to an unknown wallet.
Here’s the summary of some of the largest BTC transactions in the last 24 hours.
- 1,000 BTC worth $42.50 million transferred from Bitfinex to Xapo
- 843 BTC worth $35.91 million transferred from Coinbase to wallet of unknown origins
- 986 BTC worth $42.25 million transferred from wallet of unknown origins to Coinbase
- 1,000 BTC worth $42.68 million transferred from wallet of unknown origins to Crypto.com
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Featured Image: Shutterstock/Mia Stendal/Natalia Siiatovskaia