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

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Tue, 05/19/2020 - 13:39
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Yuri Molchan
Trading expert Mati Greenspan tweets that the average fee for sending BTC is now almost $6. Meanwhile, whales have moved $143 mln in Bitcoin and nearly $53 mln in EOS
Crypto Whale Sends 14,922 BTC to Anon Wallet as Average Fee to Send BTC Hits $5.82
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Contents

The Whale Alert bot has spotted two single transactions bearing a jaw-dropping amount of funds each, in Bitcoin and EOS.

Meanwhile, crypto influencer Mati Greenspan has tweeted that the average fee for Bitcoin transfers now totals almost $6. However, the expert insists that Bitcoin fees will soon return to normal.

14,922 BTC and 19.4 mln EOS moved in two single transfers

Whale Alert has reported two gargantuan blockchain transactions made over the past twenty hours.

Each was conducted by crypto whales between anonymous wallets. The funds sent in Bitcoin total $143,962,779.

The portion of EOS that was transferred around three hours ago amounts to $51,185,238.

Is Bitcoin still the best despite high fees?

The founder of the Quantum Economics newsletter Mati Greenspan has taken to Twitter to say that the average fee to send Bitcoin now totals $5.82.

He also tweeted that when the mining difficulty gets adjusted in 91 blocks, the fees will return to normal. Despite the high fees taken by BTC miners, Greenspan says that Bitcoin remains superior to any altcoin as a P2P payment system.

Mati Greenspan 1
Image via Twitter

After a tweet from a follower in which Greenspan got a rebuke for referring to altcoins in an improper manner, he added:

Mati Greenspan

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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.