- The sender paid only 0.0108 BTC in transaction fees (around $120) to send >$100 million.
- Whales moved 32,006 bitcoins over the last 24 hours with 11,041 BTC sent from unknown wallets.
A Bitcoin bull moved 8,884 BTC (worth $101,530,110 at the time) from an unknown wallet to the US-based crypto exchange Coinbase. The intriguing thing is that the wallet address had been mostly inactive for nearly a year. The last significant transaction that the wallet made was back on July 30, 2018, roughly worth $529,099. Bitcoin has been on an uptrend, so this hasn’t hurt its value yet. An interesting thing to note is that the sender paid only 0.0108 BTC in transaction fees (around $120) to send >$100 million. Overall, whales have moved a total of 32,006 Bitcoin worth roughly $364 million at time of transfer, with 11,041 BTC sent from unknown wallets to crypto exchanges.
A little over a month ago there was a sell order worth 3,645 BTC on Bitstamp worth $26 million at that time. As a result, Bitcoin’s price dropped from $7,749 to $7,179 in less than 30 minutes, with Bitcoin’s 24-hour decline being 8.7%. According to Bitstamp’s price chart, a low of around $6,000 was recorded, which triggered a massive sell-off on all other exchanges. Bitcoin managed to recover from the drop. Currently, Bitcoin is trading at its highest levels since January 2018.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Prisma price tanks 25% after nearly $9 million exploit
Prisma Finance (PRISMA) is being exploited, and the attacker has so far pulled $9 million in Ethereum from the borrowing protocol. Prisma asked vault owners to take the necessary steps to protect funds from the ongoing attack in an official tweet on X.
Meme coins gain traction after SEC’s partial win in Coinbase lawsuit: DOGE, SHIB, BRETT, POPCAT, BODEN
US SEC pocketed a partial win in its lawsuit against Coinbase, ushering a correction in crypto prices on Thursday. Despite the broad pullback, prices of meme coins like Dogecoin, Shiba Inu and Solana-based BRETT, POPCAT and BODEN increased.
Ondo moves $95 million worth of OUSG assets to BUIDL as tokenized fund attracts $245 million since debut
Ondo Finance (ONDO) announced on Wednesday that it's shifting about $95 million worth of its OUSG's underlying assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
XRP price stuck below $0.65 resistance, Ripple lawsuit could suffer from Coinbase defeat
XRP price falls slightly to $0.61 on Thursday after its landmark programmatic sales ruling in July, which gave Ripple a partial victory against the US SEC, failed to reverberate in a similar legal battle between the regulator and crypto exchange Coinbase.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.