Bitcoin whale moves $516 millions worth Of BTC in two massive transactions

A crypto whale has suddenly moved hundreds of millions of dollars in Bitcoin (BTC) across two separate transactions.

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Bitcoin whale moves $516 millions worth Of BTC in two massive transactions

According to data from the crypto whale-watching platform Whale Alert, the deep-pocketed investor initially moved 11,299 BTC worth about $228 million from an unknown wallet to an unknown wallet before moving 14,545 BTC worth nearly $290.5 million about 8 hours later.

Data from the crypto exchange platform Blockchain.com reveals that the wallet does not appear to have any ties to digital asset exchanges but has sent and received over $3 billion in virtual assets leading by market capitalization throughout 309 different transactions on the BTC blockchain.

Bitcoin is changing hands for $19,583 at press time, down 2.5% over the past 24 hours.

The wallet currently has a total account balance of $203.63, which was once the eighth-largest crypto wallet in the world, according to BitInfoCharts. The data aggregator site also found that the address had an overall profit of $274 million from trading the top digital asset.

Whale Alert also noted the arrival of XRP and Ethereum (ETH) whales.

Two days ago, an XRP whale moved 105 million XRP worth $51,403,328 from an unknown wallet to an unknown wallet while another high-net-worth trader transferred 40,121 ETH worth of cost $55,161,665 from one anonymous address to another anonymous address.

XRP is moving for $0.494 at press time, a small loss on the day while the second-largest crypto asset by market value is currently worth $1,336, down 2.5% since yesterday.

Oct 08, 2022

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