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    Monday Morning Whale Watching Sees Over $37 Million Worth Of BTC Moved to Unknown Wallet

    This Sunday it was found out that 6,567 BTC were transferred from an unknown wallet. Even the receiver's wallet is unknown.

    We can see from the above graph that the wallet was completely drained out of funds. Two different addresses received the BTC from the above wallet. The first one, 1N4DPfNkEoLmng6eWtZZxEgjUK4VUVyoFw got 2 BTC which was worth $11,427.24 USD. While the second one got the rest of the funds and its address was 12toZqRzxzH3zjF6sgM1pTvbYG9R89H4D.

    The wallet which got 2 BTC got was a new wallet and was cleared out of its funds within 3 hours of receiving the bitcoins. While the wallet that has rest of the funds looks to have remained untouched since the transaction.

    We can be assured that these types of movements from whales will continually occur as the bull run continues in the crypto market. According to blockchain researchers, a period of accumulation is starting to take place in the market. 42,616 BTC have left cryptocurrency exchanges in over 24 hours as well.

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    Sritanshu Sinha
    Sritanshu Sinha
    Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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