U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

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

Tue, 03/24/2020 - 12:02
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
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.

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.

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

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020
Elon Musk Sends His Condolences to US Economy
Bitcoin (BTC) to Get Gains from Stock Market: US Congressional Candidate
All XRP Liquidity Indexes Reach New Highs. Is COVID-19 Crisis Driving This Growth?