Bitcoin and Ethereum Whales Move $743,000,000 in Crypto in Three Massive Transfers

Bitcoin 7 h    Reading time: ~2 m

As Bitcoin floats above $23,000, three huge Bitcoin and Ethereum whales are turning heads among crypto traders.

In total, the whales moved a staggering $743 million in crypto in just three transactions.

A Bitcoin whale made the first move on Friday, sending 13,369 BTC worth $311 million from one unknown wallet to another.

The crypto transaction came from – and arrived at what became – the 65th-largest Bitcoin wallet on record, according to BitInfoCharts.

As the weekend arrived, an Ethereum whale then surfaced, moving 186,009 ETH worth $309 million from one unknown wallet to another unknown wallet.

A few hours later, Whale Alert tracked a second Bitcoin whale sending 5,278 BTC worth $123 million from the crypto exchange to an unknown wallet.

That transaction could represent a recent purchase, with an investor moving funds off the exchange and over to a cold wallet. It could also represent someone deciding to move existing funds over to cold storage for security purposes.

After a period of significant volatility, Bitcoin has remained relatively quiet in the last 24-hours. At time of publishing, BTC is down 0.5% in the last day, at $23,305.

Ethereum is up 0.1% in the last 24-hours, at 1,664.


Updated: 02/05/2023 — 04:00

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