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.
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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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