Massive Crypto Whale Abruptly Moves Over $1,900,000,000 in Bitcoin (BTC) for Just $3.56 in Transaction Fees

One of the richest Bitcoin (BTC) whales in existence is relocating nearly $2 billion worth of BTC while the crypto markets traded sideways over the weekend.

Blockchain explorer Blockstream reveals that a massive Bitcoin whale shifted 44,979 BTC worth $1.9 billion to two wallets of unknown origins.

One wallet collected 44,612 BTC worth $1.88 billion and immediately became the 14th-largest Bitcoin address, according to BitInfoCharts. A second wallet, which has a long history of Bitcoin transactions, received the rest of the BTC.

Blockstream also shows that the $1.9 billion Bitcoin transaction was included in a batch of transfers that only cost 0.00008496 BTC, or $3.56, in transfer fees.

Prior to the transfer, the wallet in question was the 12th-wealthiest Bitcoin address.

Meanwhile, whale-watching bot Whale Alert reports that deep-pocketed crypto investors moved over $163 million worth of BTC in the past day. One transaction involved the movement of BTC from a crypto exchange to a custodial platform. Two transfers moved BTC from unknown wallets to crypto exchanges, and one transaction shifted BTC from a crypto exchange to an unknown wallet.

Here’s the summary of some of the largest BTC transactions in the last 24 hours.

• 1,000 BTC worth $42.50 million transferred from Bitfinex to Xapo
• 843 BTC worth $35.91 million transferred from Coinbase to wallet of unknown origins
• 986 BTC worth $42.25 million transferred from wallet of unknown origins to Coinbase
• 1,000 BTC worth $42.68 million transferred from wallet of unknown origins to Crypto.com

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Featured Image: Shutterstock/Mia Stendal/Natalia Siiatovskaia