Bitcoin Whale Transacts $516,537,079 in Two Massive Cryptocurrency Transactions Suddenly

Bitcoin (BTC) worth hundreds of millions of dollars is suddenly being moved by a crypto whale over two different transactions.

Blockchain.com data shows that although the wallet doesn’t seem to have any connections to exchanges for virtual assets, it has sent and received over $3 billion worth of the top virtual asset by market cap across 309 separate transactions on the BTC blockchain.

The wealthy investor initially transferred 11,299 BTC worth over $228 million from an unknown wallet to an unknown wallet before moving 14,545 BTC worth almost $290.5 million eight hours later, according to data from cryptocurrency whale-watching platform Whale Alert.

At the time of writing, one bitcoin is trading at $19,583, a decrease of 2.5% over the previous day.

The development of XRP and Ethereum (ETH) whales is also noted by Whale Alert.

According to BitInfoCharts, the wallet was formerly the eighth-largest cryptocurrency wallet in the world. It presently has a total account balance of $203.63. The service that gathers data also discovers that the address has made $274 million altogether from trading the most popular digital asset.

A high-net-worth trader moved 40,121 ETH worth $55,161,665 from one anonymous address to another two days prior, and an XRP whale transferred 105 million XRP worth $51,403,328 from one unknown wallet to another.

At the time of writing, XRP is trading at $0.494, representing a little loss for the day, while the second-largest cryptocurrency by market cap is now trading at $1,336, representing a 2.5% drop from yesterday.

News Summary:

• Bitcoin Whale Transacts $516,537,079 in Two Massive Cryptocurrency Transactions Suddenly
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