Whale Alert: $4,500,000,000 in Bitcoin Moved in Historic Transfer – Here’s Who’s Behind the Curtain

Published by andrewpbreen@gmail.com on

Crypto traders are tracking a jaw-dropping Bitcoin transfer of about $4.5 billion in BTC.

The movement, which was first detected by the automated ledger tracker BTC Block Bot, sent 103,510 BTC in a single transaction for a fee of just $21.

The move, which happened on Saturday, is one of the largest in Bitcoin’s history.

Source: Blockchain.com

It dwarfs a $1.1 billion transfer of 88,857 BTC made in October of last year that was widely regarded as the largest dollar value Bitcoin transaction ever made.

A look at the sending address involved in Saturday’s transaction shows the cryptocurrency exchange Bitfinex is behind the transfer.

According to Bitinfocharts, the address is a cold wallet owned by the cryptocurrency exchange.

Although the exchange has not released a statement on the transaction, it has a history of moving large amounts of BTC on a fairly regular basis.

At time of publishing, the cold wallet remains the third-wealthiest Bitcoin address on record. Even after Saturday’s giant transfer, the wallet holds 98,511 BTC worth about $4.3 billion.

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The post Whale Alert: $4,500,000,000 in Bitcoin Moved in Historic Transfer – Here’s Who’s Behind the Curtain appeared first on The Daily Hodl.

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