Some of the biggest Bitcoin whales in existence are moving around hundreds of millions of dollars worth of BTC as crypto markets rally to start the week.
Spotted by blockchain tracking service Whale Alert, an unidentified whale sent 11,125 BTC valued at $267,956,866 to Binance, the largest crypto exchange in the world.
The transaction, which cost just 0.00005888 BTC, about $1.14, appeared to have come from a newly created wallet.
Minutes later, several other whale troves were spotted heading to Binance.
A total of $411 million worth of Bitcoin was sent to Binance within about a 20 minute window:
The following transactions were also spotted by Whale Alert earlier on Monday morning within hours of the previous moves:
At time of writing, Bitcoin is trading at $24,239, up nearly 20% in the last 24 hours, while Ethereum (ETH) and the broader altcoin markets are well in the green.
Featured Image: Shutterstock/HUT Design
Read the full article here
Discussion about this post