Daily Crypto News

Bitcoin Whale Initiates $466,510,721 Coinbase Transfer As Large Ethereum and XRP Holders Emerge

A massive whale is turning heads after relocating nearly half a billion dollars worth of Bitcoin (BTC) in a single transaction.

Whale-tracking bot Whale Alert initially detected the huge BTC transfer and reported the details to its 1.9 million Twitter followers.

The whale involved transferred 9,901 BTC, worth $466.51, from US-based crypto exchange giant Coinbase.

Blockchain.com says that the deep-pocketed crypto investor paid 0.00245662 BTC in transfer fees, worth $115.89 at time of writing.

The distributed ledger explorer also reports that this massive bag of Bitcoin has moved once again less than an hour later, this time for a fee of just 0.0011104 BTC, or $52.38.

The initial receiving wallet has only transacted twice and currently has a balance of zero.

Bitcoin is mostly flat on the day and currently exchanging hands at $47,337.

BTC isn’t the only digital asset that whales have been shuffling around lately as top altcoin Ethereum (ETH) and global payments crypto XRP have been on the move as well.

Here’s a breakdown of the largest ETH and XRP transfers over the past day:

Ethereum is also trading sideways and is currently priced at $3,742. XRP is down 1.25% on the day and is trading for $0.83.

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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.

Featured Image: Shutterstock/300 librarians/Konstantin Faraktinov


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