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Bitcoin Whale Receives 11,660 BTC and Sends 10,660 BTC to Anonymous Wallet

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Sat, 05/30/2020 - 09:17
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Yuri Molchan
A crypto whale received 111,259,669 USD in Bitcoin on Friday and then transferred the same amount to an unknown wallet. He paid a $0.45 fee for that
Bitcoin Whale Receives 11,660 BTC and Sends 10,660 BTC to Anonymous Wallet
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Whale Alert has spotted two gargantuan Bitcoin transactions over the past twenty-four hours.

Curiously, they went through the same BTC address – a Bitcoin whale first received 11,660 BTC and then simply sent this mammoth-sized amount of money on to another wallet.

The fee he paid for sending these funds was less than half of a dollar.

Sending 10,660 BTC to anon wallet

On Friday, May 29, the owner of the BTC wallet 1Lox7GiFiMunSuTCFZxZrkDUX5H3VTiLeq received a staggering amount of crypto - 11,660 BTC (111,259,669 USD).

BTC
Image via Twitter, @whale_alert

Around six hours ago, the same wallet transferred 10,660 BTC (99,840,840 USD) to a wallet with an unregistered owner. The fee to send this giant amount of funds was merely $0.45 (0.00004720 BTC).

However, the details of the blockchain transaction show that the whale sent on exactly the same amount of BTC - 11,660.

BTC
Image via Twitter, @whale_alert
BTC whale
Image via Blockchain.com

Related
Crypto Whale Sends 14,922 BTC to Anon Wallet as Average Fee to Send BTC Hits $5.82

‘Anyone with 100 BTC can be considered a whale’: Adam Back

The Blockstream CEO Adam Back has recently shared his take as to how much BTC a person needs to have on his balance to be proudly considered a ‘whale’.

As per Back, this amount is 100 Bitcoins, which totals $953,808.00 at the current BTC rate. However, Adam Back was talking about 100 BTC if they price was higher than $10,000.

This tiny nuance would make a holder of 100 BTC a $1 mln owner.

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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.