The richest non-exchange Bitcoin (BTC) whale continues to gobble up BTC as the largest crypto by market cap hovers near $20,000.
According to data from BitInfoCharts, the whale address has added 1,480 BTC since June 30th, bringing its total to about 132,883 Bitcoin, worth nearly $2.7 billion at time of writing.
The wallet currently holds its largest balance of Bitcoin ever.
The data reveals that the only two addresses holding more BTC belong to the Binance cold wallet and the Bitfinex cold wallet.
Bitcoin has tracked sideways since June 30th and is trading for $20,269 at time of writing. The top-ranked crypto asset by market cap is up more than 4% in the past 24 hours.
Crypto analytics firm Santiment notes that big wallets are on the rise as the number of addresses holding more than 10 BTC has reached its highest level since February 2021.
“The amount of Bitcoin addresses holding 10+ BTC has ramped up, particularly since the mid-June drop. In the past 30 days, these addresses have increased by 1.12%. There are 149,200 addresses holding 10 or more BTC, the most held since February 2021.”
Santiment also says addresses holding between 10 and 100 BTC have added 52,000 Bitcoin to their wallets in the past five weeks, raising their holdings to the level they were at in January.
“Bitcoin addresses holding between 10 to 100 BTC have been stacking Satoshis on this dip, and have collectively upped their holdings to 4.29 million BTC. In the past 5 weeks, as prices have retraced -27%, they have added 52,000 more coins to their wallets.”
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Featured Image: Shutterstock/dewa hartawan/andrew1998
Source: https://dailyhodl.com/2022/07/14/richest-bitcoin-whales-btc-holdings-explode-to-over-2560000000-amid-renewed-accumulation-frenzy/