The 34th Richest Bitcoin Whale Just Gutted Crypto Wallet, Moving $415 Million in BTC

One of the largest Bitcoin whales in existence has just emptied a huge BTC wallet and moved the largest cryptocurrency worth hundreds of millions of dollars.

The anonymous whale has just moved $ 415 million worth of BTC for a fee of just $ 1.57.

The transfer took place first sighted through the automated distributed ledger monitoring tool known as the Bitcoin Block Bot.

Source: Blockchain.com

According to the latest data from the block explorer, the great whale has moved the BTC to three separate addresses.

A wallet with a total of 20 transactions receive 100 BTC. BitInfoCharts shows that the wallet is obsessed from BetVIP, an online casino that advertises even as “the world’s first licensed Bitcoin sports betting”.

A second wallet with a total of six transactions collected 21,346 BTC. A third wallet with a total of two transactions receive less than a BTC.

BitInfoCharts shows that the high-rolling company created the original wallet on November 28th and immediately became the 34th largest wallet in existence after receiving a sizable amount of Bitcoin on the same day.

With the exception of the BetVIP wallet, the addresses involved have no known connections to any company that invests in or works in the crypto industry. In addition, the Bitcoin was not moved to known addresses of crypto exchanges where it could be traded and sold in the open market.

With Bitcoin threatening to degrade its final resistance of $ 20,000, crypto intelligence platform Santiment says whales have been busy accumulating BTC. Meanwhile, the number of addresses with 10 BTC or less has decreased significantly.

“Addresses with notable amounts of BTC continue to increase. Addresses with in the last 2 weeks

$ 1,000 or more BTC: INCREASED +44 addresses
10 – $ 1,000 BTC: INCREASED +820 addresses
0.1-10 $ BTC: REDUCED -40,000 addresses. ”

The 34th Richest Bitcoin Whale Just Gutted Crypto Wallet, Moving $415 Million in BTC
Source: Santiment / Twitter

Featured image: Shutterstock / Phase4Studios

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