Over $1B in Bitcoin (BTC) Moved Overnight From Whale Wallets

The past week has been harsh for Bitcoin, and perhaps the last thing it needed was for a group of whale wallets with hundreds of thousands of BTC to suddenly make a move in one fell swoop.

On Tuesday evening, it started when one address (1PnMfRF2enSZnR6JSexxBHuQnxG8Vo5FVK) moved 66,452 BTC directly to another and then proceeded to split it up everything evenly among 100 other addresses, each containing 662.52 BTC, and then an extra address that received exactly 200 coins.

https://twitter.com/whale_alert/status/1070011677297524738

To put things into perspective, this was the ninth-richest Bitcoin address in existence, according to BitInfoCharts.

Only an hour later, Whale Alert sent out another tweet showing that another whale address—this time the tenth-richest—moved 66,379 BTC. Cryptovest tracked the funds and found that they were split in the same manner, among another 101 addresses.

This process repeated itself three more times throughout the night, with a grand total of 263,294 coins transferred, or 1.51% of the en…

This article appeared first on Cryptovest

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