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Crypto Whale Shifts $576 Million in Bitcoin for Just $10 Fee

News
Thu, 01/21/2021 - 09:21
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Yuri Molchan
A Bitcoin whale has just transferred a whopping 17,282 BTC, having paid just $9.72 in fees
Crypto Whale Shifts $576 Million in Bitcoin for Just $10 Fee
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A crypto whale has shifted 17,282 Bitcoins for a tiny fee.

$576 million in Bitcoin transferred

Less than an hour ago, a mammoth-sized Bitcoin transaction was observed as a crypto whale transferred an eye-popping $576,925,006 in the world's largest digital currency between anonymous wallets.

The fee charged for that transaction totaled only $9.72; not a single bank would offer such a low fee for a transaction as large as that.

BTC
Image via Blockchain.com

At press time, Bitcoin is changing hands at $33,502 after reaching an all-time high close to the $42,000 level on Jan. 8, according to CoinMarketCap. This is twice as big as the ATH hit by the flagship cryptocurrency in December 2017.

For the past two weeks, Bitcoin has been in decline.

Related
Bitcoin Sees Largest Depletion of Liquidity as Approx. 270,000 Bitcoins Have Moved to Hodlers: Glassnode

Bitcoin liquidity crisis expands

As reported by Glassnode earlier, Bitcoin sees a rising liquidity crisis as large amounts of BTC are being withdrawn from exchanges to cold storage wallets. According to data from the analytics company, over the past 30 days, approximately 270,000 Bitcoins have passed from weak hands to long-term hodlers.

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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.