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$1,132,203,492 in Bitcoin Wired by Crypto Whales Over Past Few Days, In Just Two Transactions

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Wed, 07/01/2020 - 13:33
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Yuri Molchan
One more gargantuan transaction has been conducted, carrying approx $200 mln in BTC after $900 mln in Bitcoin was moved a few days earlier, totalling $1,132,203,492
$1,132,203,492 in Bitcoin Wired by Crypto Whales Over Past Few Days, In Just Two Transactions
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Over the past few days, whales have moved a total of 122,857 BTC ($1.2 bln), splitting them in two transactions – 101,857 BTC ($900 mln) on June 26 and 21,800 BTC ($200 mln) on June 30.

The total amount is $1,132,203,492 at the Bitfinex exchange rate (123,657 BTC).

BTC
Image via Blockchain.com

After the first transaction, carrying approximately $900 mln in Bitcoin, the anonymous receiver sent this mammoth-sized amount of money further on, leaving their balance almost empty – with merely 0.00215416 BTC on it.

BTC
Image via Blockchain.com

As did the second wallet, which received 21,800 BTC – with 0.00002026 BTC now remaining on its balance.

Related
Bitcoin Whales Transfer 241,175 BTC in One Hour

The fee paid for the first transfer was a mere $0.48 and it took 672 confirmations.

As for the second transaction, the cost was $1.57 and it took 208 confirmations.

Both fees are nothing compared to what any bank would have charged for moving a similar amount of cash.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.