https://ift.tt/3mNbsAn Shifts Nearly Half A Billion Dollars Worth Of BTC

• The crypto whales shifted $432 billion worth of BTC in a single transaction.
• Whales have shifted the BTC to three unknown wallets.
• The total transaction fee costs 0.00001704 BTC or $0.80 only.

The crypto whales are being active in moving their crypto assets to other wallets. Recently, top exchanges moved XRP as whales purchased XRP while it was dropping in price. Utilizing the dip phase of the market, whales are purchasing and shifting digital assets. 

A crypto whale has shifted a massive amount of BTC worth half a billion dollars to an unknown wallet. Currently, BTC trades around $47,000 whereas a Bitcoin whale moved 9,412 BTC worth $432 Billion in a single transaction. This is first reported by blockchain tracker Bitcoin Block Bot where the BTC holder sent a huge amount of BTC to three unknown wallets.

Whole BTC Transaction

The total amount of BTC was shifted in a single transaction to three different wallets. While the whale paid a transaction of about 0.00001704 BTC or $0.80 only for the entire process. Significantly, a wallet with uncertain origins acquired 1,100 BTC worth $51.75 million. Moreover, the entity of the wallet then transferred the collected BTC to a series of other wallets. The amount of BTC transferred is in smaller transactions ranging from 10 BTC to less than 1 BTC.

Additionally, the transaction history behind the second wallet holds a total of 8,311 BTC worth $390 million. While the third wallet received less than one BTC. As the crypto market results in huge gains, the activity of whales is increasing in terms of holdings. 

Large crypto investors are gradually distributing more and more of their holdings to smaller market participants. Bitcoin ownership is getting slightly more decentralized as time goes on, according to on-chain expert Willy Woo, as BTC is transferred from large investors to smaller participants. Furthermore, whales currently hold a 24% supply of the BTC. During the dip of the market, whales take a significant move to purchase potential crypto-assets in huge amounts to generate a massive gain.