As Bitcoin’s price moved sideways this week, one anonymous whale moved tens of thousands of BTC worth of billions of dollars in a single transaction.
On Wednesday, an unknown wallet sent about 34,988.9 Bitcoin worth $2,071,215,368.63 at time of transaction to two other unknown wallets, according to distributed ledger explorer Blockchain.com.
With Bitcoin currently trading at $61,891, the value of the moved BTC is now worth $2.16 billion.
The first receiving wallet collected 900 BTC, worth $55.77 million, which it promptly distributed to a flurry of other Bitcoin addresses.
The second wallet received 34,088.9329 Bitcoin, currently worth $2.11 billion, which it still holds. The wallet is now the 21st richest Bitcoin address in the world, according to crypto-surveilling tool BitInfoCharts.
The entire trade was processed for a fee of 0.00000672 BTC, worth less than $0.42 at time of writing.
The sending address was the 18th-richest BTC wallet before the transaction and currently holds 4,589 BTC, worth over $284 million.
Bitcoin is up 1.7% in the past seven days, according to CoinGecko. The largest crypto asset by market cap is down 7.6% from its all-time high of $67,276.79, which it recorded last week shortly after ProShares launched the United States’ first Bitcoin futures exchange-traded fund (ETF).
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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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The post Someone Just Moved $2,071,215,368 Worth of Bitcoin in a Single Transaction – Here’s Where the Crypto Is Now appeared first on The Daily Hodl.
