An unidentified crypto user transferred $101 million worth of Bitcoin from Coinbase to an unknown wallet.
Bitcoin whales are moving the world’s largest cryptocurrency in large amounts as an anonymous crypto user moved 2,292 BTC from crypto exchange Coinbase to an unknown wallet. The total value of the transaction stands at around $101.8 million.
Whale Alert, a blockchain tracker and crypto analytics company, reported a large Bitcoin transaction today involving 2,292 BTC. The crypto whales are transferring Bitcoin from leading crypto exchanges to wallets in an effort to create a supply shortage.
The company also reported another transaction a few hours ago which involved the movement of 1,407 Bitcoin worth nearly $63 million from crypto exchange Binance to digital wallet Xapo.