Whale watchers Spot Massive $1,000,000,000 Bitcoin Transfer
88,989 Bitcoin was spotted moving from a cold storage wallet owned by Binance; the entire transaction cost $9.15, exhibiting the power of Bitcoin:
Massive $1,000,000,000 Bitcoin Transfer Initiated – Is a Corporate Crypto Giant Moving Funds?
The huge transfer was first spotted by the blockchain tracker known as the Bitcoin Block Bot.
According to the crypto data company BitInfoCharts, the sending address appears to be connected to a cold storage wallet that belongs to Binance. Cold wallets are not connected to the internet in order to prevent hackers from gaining access to the funds.
The BTC in question was sent to two different addresses, with 68,101 BTC moving to one unknown wallet, and the rest heading to another cold wallet that’s also thought to be owned by the exchange. The crypto block explorer also shows that the 88,989 BTC stash first entered the exchange’s wallet on April 30th. The wallet neither sent nor received a substantial amount of BTC until now.