Bitcoin whale rocked the market by buying over $3 billion An | Global CRYPTO News
Bitcoin whale rocked the market by buying over $3 billion
An unknown person has accumulated over $3 billion worth of Bitcoin (BTC) tokens since May, making it the third largest BTC address in the world.
According to data from BitInfoCharts, this wallet started accumulating in mid-May and became the largest non-crypto exchange bitcoin holder by the end of June.
Since its inception, this portfolio has refrained from being sold. The Bitcoin address in question received varying amounts of BTC: its initial transaction in May included 0.25 BTC, while its last deposit was 6,600 BTC.
It currently holds 118,300 BTC, which is equal to $3,087,545,354.
Ranking third in the world in terms of the largest addresses, it is inferior to the cold wallets of Binance and Bitfinex. It is likely that this relatively new address belongs to another crypto exchange that is reorganizing its BTC reserves.
Analyst firm Santiment previously highlighted the continued activity of Bitcoin whales during the recent cryptocurrency market downturn.
Despite significant price drops, significant transactions involving BTC worth $1 million or more continue to occur, suggesting that whales remain active even if the number of large wallets remains unchanged.
