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Its an interesting term this "Crypto Whale" ! Clearly there are a some very large holdings of bitcoin and recently Th Daily Hodl reported some large transfers. Here’s Where the Bitcoin Is Now.
A heap of Bitcoin (BTC) worth $408 million is on the move and heading to several different wallets.
Whale Alert, which tracks large crypto transfers, says a crypto whale sent 13,003 Bitcoin to a wallet hosted on the exchange Coinbase this week.
The huge transfer cost just $3.72 in fees. {tradional pinstripe bankers would choke on their morning coffee) One address received the full sum, but it later emptied the entire wallet when it sent the BTC to 101 different recipients.
All but one of those wallets received roughly 129 BTC. Many of these wallets then initiated transfers of the BTC to additional wallets, further dividing up the original sum.
Crypto whale watchers are tracking several additional large transfers over the last 24 hours. Here is a list of large BTC transfers that Whale Alert caught over the past day:
Using data from the crypto analytics firm Glassnode, Moskovski Capital CEO Lex Moskovski says whales now have as much BTC as they did before the dramatic crypto market sell-off began in May.
“Bitcoin supply held by whales (1k-10k wallets) has erased the whole Tesla/China sell-off and are back to the levels of $57k BTC. Whales are unironically accumulating.”
If you read the above article carefully you would have noticed that Coinbase was involved in anumber of these large transaction. If you are keen to learn about Crypto currency then trade with Coinbase
