64,000 BTC Accumulated on Anonymous Wallet After a Few Wires from Major Exchange

News
Tue, 03/24/2020 - 12:02
article image
Yuri Molchan
The anonymous wallet of a Bitcoin whale that has recently been withdrawing large amounts of crypto from the Huobi exchange now holds 64,000 BTC - $427,232,640
64,000 BTC Accumulated on Anonymous Wallet After a Few Wires from Major Exchange
Cover image via stock.adobe.com

As previously reported by U.Today, the anonymous wallet 3D8qAoMkZ8F1b42btt2Mn5TyN7sWfa434A has received mammoth-sized transactions from the Huobi crypto exchange twice. Each time, the amount was split into over a dozen transactions, 1,000 BTC each.

Just now, the wallet received another portion of BTC. Overnight, Bitcoin surged more than 14 percent, says CoinMarketCap, and is now trading in the $6,700 zone.

Another 9,000 BTC hits the wallet

At the end of last week, the wallet received 14,000 BTC ($93,670,920). On Monday, 15,000 BTC ($100,361,700) was sent to this address with an unregistered owner. All prices in USD are calculated according to the current BTC-to-USD price.

Related Bitcoin (BTC) Price Will Target $7,800, If This Happens
Related
Bitcoin (BTC) Price Will Target $7,800, If This Happens

On Tuesday, the wallet of a Bitcoin whale, 3D8qAoMkZ8F1b42btt2Mn5TyN7sWfa434A, received another transfer of crypto of a similar amount – 9,000 BTC. All nine transactions, 1,000 BTC each, were made within an hour.

Huobi BTC

At the time of writing, the wallet is holding 65,000 BTC.

BTC wallet

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.