What happened: $472,551,189 worth of Bitcoin (CRYPTO: BTC) was moved between two anonymous cryptocurrency wallets in a single transaction.
This mysterious person’s bitcoin wallet address has been identified as: 3DVgxTXiShtiUVgw5uq9C8xE6bZq4bdJHA
$472 million in Bitcoin sent to an unknown recipient with a Bitcoin wallet address: 353 m QmTQqjTSVERLrXrXpT3YbzyPTQtdvU
why does it matter: Crypto whales holding millions of dollars in bitcoin tend to move the markets on their own. If the whale decides to exit this Bitcoin position, there may be enough market impact to bring the price of BTC down. It takes about $15-30 million of selling pressure to move the bitcoin price down 2% on any given exchange.
Since this transaction has not been sent to the exchange, it is highly unlikely that this bitcoin whale will be looking for liquidity. Alternatively, they may transfer this to a different wallet for security purposes.
You can find more details about the deal here
According to Glassnode, there are 397,305 Bitcoin wallets with more than $100,000 in BTC.
See also: Best Crypto Apps of 2021 and Best Crypto Wallet Tracker
price movement: Bitcoin price is down -1% in the last 24 hours.
See also: How to buy bitcoin
Public Blockchain Data Source From Whale Alerts on Twitter.
This article was created by the Benzinga Automated Content Engine and reviewed by an editor.