Main navigation

$1.2 Billion in Bitcoin Transferred in Large Lumps between Anon Wallets

News
Thu, 08/05/2021 - 15:05
article image
Yuri Molchan
Several massive lumps of Bitcoin have been moved by anonymous whales recently
$1.2 Billion in Bitcoin Transferred in Large Lumps between Anon Wallets
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Crypto tracking platform Whale Alert has reported that, over the past 22 hours, several jaw-dropping portions of Bitcoin have been moved on the BTC blockchain by anonymous crypto whales.

Four Bitcoin wallets have taken part in the aforementioned transfers, with one of them sending Bitcoin on after receiving it.

Three stashes have been moved, according to the Whale Alert team: two transfers of 11,325 BTC and one transaction carrying 11,203 BTC (the most recent one, which happened four hours ago).

Related
Invesco Files for Bitcoin ETF, Expert Believes More ETF Applications May Be Filed by Weekend

The first two occurred consecutively approximately 22 hours ago.

The fiat equivalent of the total 33,853 BTC constitutes a whopping $1,298,892,215. At press time, the flagship cryptocurrency is trading at $38,954, as per data provided by CoinMarketCap.

After reaching a peak in the $42,300 zone on Aug. 1, Bitcoin has dropped and been unable to recover to that level or surge higher.

Various bearish factors are coming into play with statements by U.S. lawmakers. Senator Elizabeth Warren and the chairman of the SEC, Gary Gensler, have both demanded tougher regulation for cryptocurrencies. Add to that Binance ceasing to trade Bitcoin derivatives in Europe, and BTC is trading below $40,000.

article image
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.