- 5,000 Bitcoins (worth $100 million now) have been transferred to the Kraken crypto exchange.
- One of the largest BTC addresses for whales has transferred all of its holdings for exchange.
Bitcoin (BTC), the most popular cryptocurrency, has been trading at less than $20,000 for some time. At the time of writing, according to CMC, BTC has a market capitalization of $379 billion and is trading at $19,853. The latest news includes the first use of a Bitcoin whale address nine years ago, which led to the transfer of 5,000 Bitcoins (now worth $100 million) to a cryptocurrency exchange. Legendary sea monster.
Famous Crypto Analyst Colin Wu chirp:
“The bitcoin whale address (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i) transferred 5000.01 BTC at 04:50:38 (UTC+8) on September 5th to Kraken, which is now worth about $100 million. The wallet was created and transferred bitcoins to this address in 2013.” “
whales at work
On Monday, a popular CryptoVinco influencer revealed a noteworthy deal on the BTC blockchain. A screenshot of the transaction indicates that in July, one of the largest BTC whale addresses transferred their BTC holdings to the exchange.
I’m 99% sure this is Michael Saylor’s Bitcoin address, and they plan to sell everything.
When it sells out soon, expect a bloodbath of the likes we’ve never seen before. pic.twitter.com/vx643TPAyg
– CryptoVinco September 5, 2022
Using the blockchain explorer, we can see that the address of this wallet (1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ) has been used 851 times to send and receive 241,914 BTC, with a total value of nearly $4 billion at the current exchange rate.
When its owner wants to sell his coins, he often sends them to a trading platform. This pattern of behavior indicates the correctness of the group selling interpretation. However, the claim that this whale address is the BTC address of Michael Saylor MicroStrategy is more interesting.
Some people expressed disbelief for this claim, while others found it plausible. However, others have drawn attention to the fact that the address contains more BTC than MicroStrategy. As a result, they denied that the given address really belonged to the company.
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