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Bitcoin Whale Moved Over $432,000,000 Worth of Btc in One Transaction

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).”

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