BitTorrent Sees Over $1 Million Worth Transaction (1.65 Billion BTT) Moved to Binance’s Exchange
An unknown user has just transferred 1.65 billion BitTorrent Token (BTT) to a Binance wallet on May 5. Binance is one of the most popular cryptocurrency exchanges in the market with one of the largest number of trading pairs in the space. 1.65 billion BTT is currently worth $1.04 million.
Crypto Whale Moves 1.65 Billion BTT
The sender decided to move 1.65 billion BTT on May 5 even when the account had just 0.1 TRX. Furthermore, the receiver has around 280 million in Tron (TRX), which is one of the most popular digital currencies in the market.
At the same time, the receiver had a large number of BTT tokens as well. They have 39.11 billion BTT and other tokens as well.
BitTorrent is a TRC-10 token that is based on the Tron network and that aims at helping the BitTorrent network to improve its services. BitTorrent is the world’s largest decentralized application around the world.
At the moment, the token is listed on a few exchanges in the crypto space, including Binance, Bittrex, OKEx, Huobi, HitBTC and many others. This shows that BTT has an important presence in the market as well. The token was launched a few months ago on the Binance Launchpad platform as an Initial Exchange Offering (IEO) and it was able to gather the attention of many investors in the space. Indeed, the token was sold in just a few minutes after the token sale started.
Currently, BitTorrent is the 49th largest digital currency in the market with a price per coin of $0.000624. It also has a market capitalization of $132.35 million. As many other IEOs, the price of the digital currency skyrocketed after it was released to the market but a few weeks later, selling pressure dragged the price of the virtual currency down.