Some of the biggest Bitcoin whales in existence are moving around hundreds of millions of dollars worth of BTC as crypto markets rally to start the week.
Spotted by blockchain tracking service Whale Alert, an unidentified whale sent 11,125 BTC valued at $267,956,866 to Binance, the largest crypto exchange in the world.
The transaction, which cost just 0.00005888 BTC, about $1.14, appeared to have come from a newly created wallet.
Minutes later, several other whale troves were spotted heading to Binance.
A total of $411 million worth of Bitcoin was sent to Binance within about a 20 minute window:
- 4,999 BTC (120,651,828 USD) transferred from unknown wallet to Binance
- 999 BTC (24,130,365 USD) transferred from unknown wallet to Binance
The following transactions were also spotted by Whale Alert earlier on Monday morning within hours of the previous moves:
- 5,000 BTC (117,722,264 USD) transferred from unknown wallet to unknown wallet
- 7,045 BTC (165,870,670 USD) transferred from unknown wallet to unknown wallet
- 1,228 BTC (27,065,287 USD) transferred from unknown wallet to Bitfinex
At time of writing, Bitcoin is trading at $24,239, up nearly 20% in the last 24 hours, while Ethereum (ETH) and the broader altcoin markets are well in the green.
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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.
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