Bitcoin

Bitcoin Whale Shifted 74,105 BTC Worth $1.58 Billion in a Series of Transactions. Here’s the Destination

A gargantuan Bitcoin whale has been spotted moving over a billion dollars in BTC in a series of transactions that effectively emptied a number of newly created cryptocurrency wallets.

Data from Blockchain.com as first reported by Daily Hodl, the Bitcoin bag holder drained a crypto wallet that was initially holding over 74,105 BTC worth more than $1.58 billion.

At first, the crypto whale moved the whopping BTC in two transactions. The first transaction involved the movement of 50,562 BTC to an unknown wallet. While the second transaction moved a total of 23,542 BTC to a separate wallet of unknown origin.

Afterward, the investor relocated the previous 50,562 BTC to the same wallet that received 23,542 BTC.

The anonymous crypto whale did not stop there. He later transferred the massive Bitcoin trove in a series of large transactions into separate wallets.

The total number of the shifted Bitcoin is slightly higher than the BTC that was initially transferred, suggesting that the entity behind the transactions may have mixed in a few BTC in the process.

At the time of filing this report, Bitcoin is trading at $21,310, with a relatively 2% price upsurge in the last 24 hours.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.