A deep-pocketed crypto whale suddenly moved almost half a billion dollars worth of Bitcoin in just one transaction at the current price of about $47,000.
Blockchain tracker Bitcoin Block Bot was the first one to report the event. The whale was then the 120th richest BTC holder globally and it sent 9,412 Bitcoin worth $432 million to three unknown wallets. The fee for the entire transaction was 0.00001704 Bitcoin or $0.08.
One of the wallets received 1,100 BTC (worth $51.75 million) which then send the BTC to other wallets in a series of smaller transactions worth between less than one Bitcoin and 10 Bitcoin.
The second wallet got 8,311 Bitcoin (worth $390 million), while the third wallet got less than one Bitcoin.
Willy Woo, an on-chain analyst, commented:
“Whales currently hold 24% of the supply.
Holdings as at 1st Jan of past years:
2021 – 27%
2020 – 27%
2019 – 29%
2018 – 32%
2017 – 39%
2016 – 44%
2015 – 46%
2014 – 48%
2013 – 52%
2012 – 54%
Shrimps are buying the dips, whales slowly divest, same as ever. (BTC gets better distribution every year through this process).”