Whales abruptly mixed up nearly $ 1,740,000,000 in Bitcoin and Ethereum as traders hold their breath
Whales moved nearly $ 1.74 billion worth of Bitcoin (BTC) and Ethereum (ETH) over 14 transactions in the wake of the sizeable correction in the crypto market over the weekend.
In the largest transaction, an unknown wallet sent 15,073.45 BTC worth a whopping $ 737.4 million to a second unknown wallet on Sunday, according to crypto tracker Whale Alert.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 15,073 #BTC (737,419,005 USD) transferred from unknown wallet to unknown wallethttps: //t.co/tFo6VmmmW5
– Whale alert (@whale_alert) December 5, 2021
The bitcoin was then moved seven more times before reaching its final destination. This eighth and final receiving wallet is currently the 51st richest Bitcoin address in the world, according to BitInfoCharts.
In another large transaction, a big money crypto investor moved 10,000 BTC worth over $ 482 million from the global crypto exchange Binance to a wallet of unknown origin.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 10,000 #BTC (482,153,830 USD) transferred from unknown wallet to unknown wallethttps: //t.co/uMgJMtYRJq
– Whale alert (@whale_alert) December 6, 2021
Other large Bitcoin transactions in the past 48 hours involve moving BTC between a crypto exchange and wallets of unknown origin. In a wire transfer, Bitcoin was transferred from an unknown wallet to a crypto custody company.
Here is the summary of the BTC movements that took place on Sunday and Monday:
Ethereum whales have also come to life as the crypto markets tumble from retreat. In the past two days, eight transactions are responsible for moving tens of thousands of ETH from crypto exchanges to unknown wallets. During a transfer, Ethereum switched from a wallet of unknown origin to a crypto exchange.
Here’s a quick rundown of the biggest ETH deals over the past two days:
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