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February 15, 2022

Massive Crypto Whale Abruptly Moves Over $1,900,000,000 in Bitcoin (BTC) for Just $3.56 in Transaction Fees

By Daily Hodl Staff

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.

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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 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.

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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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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/Natalia Siiatovskaia