Bitcoin Whale Initiates $466,510,721 Coinbase Transfer As Large Ethereum and XRP Holders Emerge
A massive whale is turning heads after relocating nearly half a billion dollars worth of Bitcoin (BTC) in a single transaction.
Whale-tracking bot Whale Alert initially detected the huge BTC transfer and reported the details to its 1.9 million Twitter followers.
The whale involved transferred 9,901 BTC, worth $466.51, from US-based crypto exchange giant Coinbase.
9,901 #BTC (466,510,721 USD) transferred from #Coinbase to unknown wallethttps://t.co/3HRJtIdZBJ
— Whale Alert (@whale_alert) December 31, 2021
Blockchain.com says that the deep-pocketed crypto investor paid 0.00245662 BTC in transfer fees, worth $115.89 at time of writing.
The distributed ledger explorer also reports that this massive bag of Bitcoin has moved once again less than an hour later, this time for a fee of just 0.0011104 BTC, or $52.38.
The initial receiving wallet has only transacted twice and currently has a balance of zero.
Bitcoin is mostly flat on the day and currently exchanging hands at $47,337.
BTC isn’t the only digital asset that whales have been shuffling around lately as top altcoin Ethereum (ETH) and global payments crypto XRP have been on the move as well.
Here’s a breakdown of the largest ETH and XRP transfers over the past day:
- 126,422 ETH worth $482.54 million sent from an unknown wallet to an unknown wallet.
- 20,000 ETH worth $74.64 million sent from an unknown wallet to an unknown wallet.
- 177,149,701 XRP worth $151.26 million sent from an unknown wallet to an unknown wallet.
- 70,000,000 XRP worth $58.66 million sent from an unknown wallet to Bithumb.
Ethereum is also trading sideways and is currently priced at $3,742. XRP is down 1.25% on the day and is trading for $0.83.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/300 librarians/Konstantin Faraktinov
The post Bitcoin Whale Initiates $466,510,721 Coinbase Transfer As Large Ethereum and XRP Holders Emerge appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
