Bitcoin, the most valuable cryptocurrency by market cap, is being moved by a single crypto whale worth over $600,000,000. (BTC).
According to blockchain tracker Whale Alert, the wallet shifted 14,712 Bitcoin worth $611,795,643 for a cost of 0.0000166 BTC, or less than $1, on April 21st.
Following the transfer, the large sum was sent to a number of different addresses until finally landing in an unknown wallet with only one transaction record on the blockchain.
This week, the whale tracker reveals large Bitcoin moves involving Coinbase, a leading US crypto exchange, and Xapo, a Gibraltar-based digital asset storage company.
Coinbase sent a total of $330,390,292 in BTC in two transactions and got a total of $119,515,471 in BTC from unknown wallets in two transfers.
Meanwhile, Xapo transferred $46,171,989 in Bitcoin to an unidentified wallet.
The massive transfers occur at a time when the price of Bitcoin is hovering around $40,000.
Whales are presently in an accumulating phase, according to popular on-chain analyst Will Clemente
“Bitcoin whales have been gathering for more than a month.” He said.
