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.

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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, can be contacted at yuri.molchan@u.today.

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