Top US crypto exchange Coinbase transferred more than $627 million worth of Bitcoin (BTC) to two unknown wallets on Monday morning.
Blockchain tracker Whale Alert reports that the two transfers, one worth $316.3 million, and the other worth nearly $311.2 million, happened simultaneously, suggesting a single whale could be behind them, though the on-chain data is not definitive given two separate addresses were involved.
Both addresses appear to have been activated on Monday, and both also unloaded their entire Bitcoin holdings nearly 10 minutes later, at the exact same time, to a flurry of 100 different wallets, according to Blockstream.
Other notable Bitcoin whale transactions on Monday include:
Bitcoin is trading at $26,986 at time of writing. The top-ranked crypto asset by market cap is down more than 1.5% in the past 24 hours.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney