- 3 Bitcoin whales combined to sell off around $187 million in BTC tokens.
- The largest transaction was worth around 74,457,839 USD.
Some Bitcoin whales are already selling off the apex cryptocurrency just before the appearance of Gary Gensler before Congress. So, the amount of BTC in these transactions was quite massive, reaching close to $200 million.
First Transaction From the Bitcoin Whales
- The first transaction from the Bitcoin whales was also the smallest amount of transaction from them. So, it was almost twice as low as the other two transactions. According to data from Whale Alert, the first transaction involves around 1,500 Bitcoin. So, the total worth of the BTC at the time of the transaction was around 39,250,442 USD.
- The whale in this transaction made it to Coinbase. Coinbase is a CEX. So, this transaction was mainly for the whale to sell off his Bitcoin holdings. According to more detail, the sender in this transaction has a wallet address of 1Ea…ryt. So, the receiver of this transaction had a wallet address of 383…hCA. The total transaction fee for this trade was around 0.0003432 BTC (8.98 USD).
The Second Transaction
- The second transaction from the Bitcoin whales was the second largest from them. However, it was much bigger than the first transaction. According to details from Whale Alert, the second transaction involves around 2,837 BTC. So, at the time of making this transaction, it was worth around 74,192,143 USD. Like the first transaction, the Bitcoin whales transferred it to Coinbase.
- One thing to note here is that the whale for this other transaction didn’t do so in one go. So, there were about 12 different transactions, bringing the total number of Bitcoins to 2,837. The total transaction fees were around 0.005 BTC (130.76 USD). So, the sender for this transaction was 1bJ…dRq. On the other hand, the receiver had a wallet address of 3Mq…XFd.
The Third Transaction from the Bitcoin Whales
- The third transaction from these Bitcoin whales was the largest of all three transactions. , it is important to note that it is only slightly larger than the second transaction. This transaction involved around 2,836 BTC. So, at the time these Bitcoin whales made the transaction, the worth was around 74,457,839 USD.
- The sender’s wallet address was 13a…52f, and the receiver’s was 3Mq…XFd. So, the total transaction fee for this transaction was 0.005 BTC (131.29 USD).
Conclusion
A group of Bitcoin whales engaged in what looks like a massive sell-off of their BTC holdings. So, the total worth of the three transactions was more than $187 million at the time of making the transaction. So, he three transactions were to Coinbase, a centralized crypto exchange.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. So, the content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. So, the author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
