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Richest Bitcoin Whale Now On Massive Accumulation Spree

Stock Markets Jul 02, 2022 23:40
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© Reuters. Richest Bitcoin Whale Now On Massive Accumulation Spree

According to the crypto platform, BitInfoCharts, the richest Bitcoin (CRYPTO: BTC) wallet, bought 4,816 BTC over the past month, spending over $102 million.

Earlier in June, the wallet held 127,873 BTC. During the entire month, the wallet carried many Bitcoin procurements in different amounts and only one withdrawal to bring the total to 132,189 worth $2.53 billion.

On Saturday, the whale bought 186 BTC worth $3.58 million. Over the last few days, the whale also bought 601 BTC and 815 BTC, worth $11.31 million and $16.94 million, respectively.

However, the whale only sold once during June, a batch of 500 BTC.

The increase in the number of whales holding more than 10,000 Bitcoin started in February.

Also Read: This Bitcoin Whale Moves $30M Worth Of BTC After Being Dormant For Over 8 Years

Earlier in July, Bitcoin whales moved billions of dollars worth of BTC shortly before it broke below the $20,000 mark.

At present, whales own as much as 8.69 million BTC, or 45.6% of Bitcoin's total supply of 21 million.

At the time of writing, Bitcoin was trading at $19,337, down over 9% in the last seven days.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Richest Bitcoin Whale Now On Massive Accumulation Spree
 

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Mohd Khairuddin
Mohd Khairuddin Jul 03, 2022 3:36
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We still need the Russian mafias to play bitcoins in big way.
 
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