Top US crypto exchange Coinbase transferred more than $627 million worth of Bitcoin (BTC) to two unknown wallets on Monday morning.
Blockchain tracker Whale Alert reports that the two transfers, one worth $316.3 million, and the other worth nearly $311.2 million, happened simultaneously, suggesting a single whale could be behind them, though the on-chain data is not definitive given two separate addresses were involved.
Both addresses appear to have been activated on Monday, and both also unloaded their entire Bitcoin holdings nearly 10 minutes later, at the exact same time, to a flurry of 100 different wallets, according to Blockstream.
Other notable Bitcoin whale transactions on Monday include:
- 1,633 BTC worth more than $44.5 million transferred from an unknown wallet to Coinbase
- 1,633 BTC worth more than $44.56 million transferred from an unknown wallet to Coinbase
- 1,739 BTC worth more than $47.67 million transferred from an unknown wallet to Coinbase
- 804 BTC worth more than $22 million transferred from the crypto exchange Binance to an unknown wallet
- 1,627 BTC worth more than $44.64 million transferred from an unknown wallet to Coinbase
- 1,627 BTC worth more than $44.64 million transferred from an unknown wallet to Coinbase
Bitcoin is trading at $26,986 at time of writing. The top-ranked crypto asset by market cap is down more than 1.5% in the past 24 hours.
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The post Massive Bitcoin Whales Abruptly Move Over $627,000,000 in BTC – Here’s Where the Crypto Is Going appeared first on The Daily Hodl.
