New data shows that a Bitcoin (BTC) whale is suddenly moving billions of dollars worth of top crypto assets by market cap into and out of wallets and crypto exchange platforms.
According to whale research platform Whale Alert, the deep-pocketed BTC investor shifted 7,000 BTC, worth just over $280 million, moved from one unknown crypto wallet to another on the night of January 25.
Before that, the wealthy crypto trader carried out several other transactions. Other notable trades on Whale Alert’s radar include:
- 7,231 BTC worth $288,533,447 transferred from an unknown wallet to another unknown wallet.
- 3,505 BTC worth $138,712,948 transferred from an unknown wallet to another unknown wallet.
- 511 BTC worth $20,393,769 transferred from an unknown wallet to crypto exchange platform Kraken.
- 509 BTC worth $20,585,936 transferred from an unknown wallet to crypto exchange platform Bitfinex.
- 4,018 BTC worth $158,544,427 transferred from an unknown wallet to another unknown new wallet.
- 6,969 BTC worth $278,521,168 transferred from an unknown wallet to digital asset manager Coinbase Institutional.
According to the data, the crypto whale moved a total of just over $1 billion worth of flagship digital assets – the vast majority going to unknown wallets.
Bitcoin is trading at $41,889 at the time of writing, up 4.5% over the past 24 hours and up 8.3% from the seven-day low of $38,678 on January 23.
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Featured image: Shutterstock/Tithi Luadthong
