The largest independent Bitcoin whale in existence, who currently holds a whopping $5.1 billion in BTC, has started to accumulate the flagship cryptocurrency at a steady rate.
A few days ago according to BitInfoCharts.com, the Bitcoin whale, who is not traced to any crypto exchange or company in the industry, bought another 87 BTC, which was worth relatively $3.5 million when the transaction was initiated.
The transaction mentioned above came after the anonymous whale initiated two huge transactions on 8th and 9th March, totaling 318 BTC and 412 BTC worth about $30 million at current prices.
According to the data from BitInfoCharts, the Bitcoin whale is the biggest non-exchange wallet in existence. The whale currently holds 126,428 BTC worth around $5.1 billion at the time of filing this report.
In general, according to crypto intelligence firm Santiment, most whales in the crypto ecosystem appear to be waiting patiently before taking massive investment decisions.
Santiment noted:
“Bitcoin, Ethereum, and Tether have seen plummeting whale transactions, the lowest amount of combined $100,000+ valued transactions in a year.
This isn’t necessarily bearish, but reflective of large players awaiting further war and inflation developments.”
Read Also: Apple Co-Founder: I Think Bitcoin (BTC) Is Going To $100,000
It was also reported by TimesTabloid a few days ago that a Bitcoin address that has been dormant for 11.4 years was activated.
As shared on Twitter by Whale Alert, the dormant address contained 486.091 BTC worth $50 in 2010. It’s worth noting that the BTC stash is now worth $20 million at current prices.
The dormant address 17QBWJCGV4QbQhLbhcS7d9yB2S7DPLf4N9 moved the stashed BTC to another address of unknown origin 1LdJ4nyxrJqNB1oyr76rYerb2KDZk9wAvo.
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