One of the richest Bitcoin holders has just completed a huge crypto transfer.
Traders are looking for clues to draining a Bitcoin wallet by sending a massive amount of BTC to an unknown address.
Crypto tracker Whale Alert spotted a single transaction of 14,922 BTC worth $ 143.96 million. The multi-million transfer costs 0.00003138 BTC – which is about $ 0.30.
According to BitInfoCharts, the portfolio from which the transaction originates has been steadily accumulating BTC for a period of one month.
On April 5, the wallet was the 58th richest Bitcoin address, with over 12,370 BTC worth $ 85.08 million.
By May 13, the wallet became the 48th richest Bitcoin address, storing more than 15,470 BTC, worth $ 138.15 million at the time.
New data shows that Bitcoin whales are constantly accumulating BTC.
According to Glassnode, the number of Bitcoin addresses with at least 1,000 BTC fell briefly after the big crash in mid-March, but quickly returned to higher levels as the market recovered.