A crypto whale is suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC) across two separate transactions.
According to data from 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 transferring 14,545 BTC worth nearly $290.5 million about eight hours later.
Data from crypto exchange platform Blockchain.com reveals that the wallet doesn’t appear to have any ties to digital assets exchanges but has both sent and received over $3 billion worth of the top virtual asset by market cap throughout 309 different transactions on the BTC blockchain.
Bitcoin is changing hands for $19,583 at time of writing, a 2.5% dip in the last 24 hours.
The wallet, which currently has a total account balance of $203.63, was once the eighth-largest crypto wallet in the world, according to BitInfoCharts. The data aggregation website also finds that the address has overall profited $274 million from trading the leading digital asset.
Whale Alert also notes the emergence of XRP and Ethereum (ETH) whales.
Two days ago, an XRP whale shifted 105 million XRP worth $51,403,328 from an unknown wallet to an unknown wallet while another high-net-worth trader moved 40,121 ETH worth $55,161,665 from one anonymous address to another.
XRP is moving for $0.494 at time of writing, a fractional loss on the day while the second-largest crypto asset by market value is currently valued at $1,336, a 2.5% decrease since yesterday.
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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.
Featured Image: Shutterstock/Suwin/Konstantin Faraktinov
Source: https://dailyhodl.com/2022/10/07/bitcoin-whale-abruptly-moves-516537079-in-btc-across-two-huge-crypto-transactions/