Two of the Biggest Bitcoin Whales on Record Moving Millions are Crypto to Coinbase

Crypto whale watchers track down two huge Bitcoin holders that send large amounts of BTC to Coinbase.

The first whale moved a total of 3,500 BTC worth $ 113.2 million across three separate transactions – all in less than an hour span, according to the Whale Alert ledger monitor.

The whale is the 13th largest on record, according to the current rich list from BitInfoCharts.

• 1,500 BTC worth $ 48.6 million of unidentified wallet transferred to Coinbase
• 1,000 BTC worth $ 32.3 million of unidentified wallet transferred to Coinbase
• 1,000 BTC worth $ 32.3 million of unidentified wallet transferred to Coinbase

The total transaction fees combined cost just $ 89.61.

Minutes after the first whale sent its last transaction, a second 1,698 BTC whale worth $ 55.4 million moved from another wallet of unknown origin to Coinbase.

The dispatch wallet was also one of the richest that existed before the wallet was drained, coming in at number 841 on BitInfoCharts rich list.

Source: BitInfoCharts

While this pair of Bitcoin whales may be looking to sell their coins on the main US exchange, data from analytics firm Glassnode shows that most BTC holders continue to withdraw their coins from exchanges to non-wallets they are in custody.

The number of referrals containing 1,000 BTC or more is also on the rise and has increased to around 2,460, up from 2,130 at the start of the year.

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Featured Image: Shutterstock / Yurchanka Siarhei

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