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The Daily Hodl
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Mysterious Bitcoin Whale Abruptly Moves Over $525,000,000 in BTC – Here’s Where the Crypto’s Headed

by Daily Hodl Staff
May 26, 2023
in Bitcoin

An anonymous Bitcoin (BTC) whale is suddenly moving over $525 million of the crypto king in a single huge transaction.

According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted on Thursday a staggering 20,054 BTC worth about $525.7 million at time of writing from one unknown crypto wallet to another.

The transaction fee totaled 0.00530 BTC, or $139.

Around the same time on Thursday, another anonymous whale made a huge transaction, sending 11,261 BTC worth more than $295.1 million from one unknown to another unknown wallet, according to Whale Alert.

The transaction fee totaled 0.000498 BTC, or $13.05.

Other notable Bitcoin whale transactions on Whale Alert’s radar on Wednesday and Thursday include:

  • 847 BTC worth more than $22.2 million transferred from crypto exchange Coinbase to an unknown wallet
  • 1,842 BTC worth more than $48.5 million transferred from an unknown wallet to Coinbase
  • 845 BTC worth more than $22.2 million transferred from Coinbase to an unknown wallet
  • 1,843 BTC worth more than $48.5 million transferred from an unknown wallet to Coinbase
  • 2,000 BTC worth more than $52.4 million transferred from crypto exchange Bitfinex to an unknown wallet
  • 1,847 BTC worth more than $48.6 million transferred from an unknown wallet to Coinbase
  • 854 BTC worth more than $22.4 million transferred from Coinbase to an unknown new wallet

Bitcoin is trading for $26,493 at time of writing, up 0.7% during the last 24 hours. The top-ranked crypto asset by market cap is down 6.3% in the last 30 days.

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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 loses 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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