A huge crypto whale moves over $450 million worth of Bitcoin (BTC) as investors with big bags of BTC accumulate.
According to blockchain tracker Whale Alert, the crypto whale moved 15,544 BTC on Wednesday from one unknown wallet to another.
At the time of the move, Bitcoin was trading at close to $29,000.
The fee for the transaction was almost $28. The receiving wallet is still holding the BTC at the time of writing.
Whale Alert also saw BTC’s next big trades over the past six days.
Bitcoin whales have started again, according to new data from digital asset analytics firm Santiment accumulate the king crypto after selling for profit on April 11 when it briefly crossed the $30,000 level.
The analytics company says whales have gobbled up a whopping 64,094 Bitcoin since April 11, bringing their total Bitcoin holdings to 8.7 million.
“Bitcoin whales have been quietly building back up since earnings broke above $30,000 on April 11. Since this date, as prices faltered and fell slightly, addresses holding 100 to 10,000 BTC have collectively bagged 64,094 coins.”
Bitcoin is trading at $28,800 at the time of writing, down 1.5% in the past 24 hours.
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Image generated: Midway through the journey