Wednesday, May 5, 2021

Bitcoin Whale Moved Nearly $1,000,000,000 Worth Of BTC in Single Transaction

A crypto whale has attracted the attention of cryptocurrency community members after shifting about $1 billion worth of Bitcoin (BTC) in a single transaction.

Bitcoin Block Bot, an automated distributed ledger monitoring tool, tracked and reported the huge transfer of BTC.

According to Blockchain.com, the Bitcoin whale transferred 20,099 BTC worth $932 million for a fee of relatively $37.

Read Also: Someone Transferred $1,000,000,000 worth of BTC from a Big Target Wallet for Hackers

Another thing that is worthy of note is that the sending address of the anonymous big bag holder was the 39th largest Bitcoin holder on earth before the transaction was initiated.

The BTC was moved to two unidentified wallets. The first address created on 16th December 2020 received 300 BTC. At the time of writing, the wallet contains only the 300 BTC sent into it by the unknown crypto whale, which is worth about $14 million at current prices.

The address where the second transaction was sent received a whopping 19,799.99 BTC worth relatively $928 million.

Going by the report provided by BitInfoCharts, the wallet address that received the most part of the crypto whale’s BTC was created the day the transaction was effected and still currently holding all the BTC it received.

Recent research from crypto analytics firm Glassnode indicates that since the start of 2021, there has been a large uptick in Bitcoin holders with more than 1,000 BTC.

The research firm also reports that Ethereum has seen a large jump in wallets holding more than 10,000 ETH.

According to Glassnode, in the past three months, Ethereum (ETH) whales have increased steadily “reaching levels not seen since May 2019.”

Read Also: Bitcoin Whale Moved 50,343 BTC worth $320,978,020 USD

Meanwhile, Bitcoin has been printing a significant performance over the past few days. This outstanding performance has been attributed to Elon Musk’s Tesla purchase of $1.5 billion worth of BTC, coupled with the optimism of Tesla adopting the BTC payment option.

Bitcoin has just crossed the $48,000 mark. At the time of filing this report, BTC is trading at $47,955.35, with a relatively 6% price uptrend in the last 24 hours.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

Related Articles

Latest Articles