• 5,000 Bitcoins (now worth $100 million) transferred to the crypto exchange Kraken.
  • One of the largest BTC whale addresses transferred all of its holdings to exchange.

Bitcoin (BTC), the most popular cryptocurrency, has been trading at a price below $20,000 for some time. At the time of writing, according to CMC, the BTC has a market value of $379 billion and is trading at $19,853. The newest news involves the first use of a Bitcoin whale address in nine years, which resulted in the transfer of 5,000 Bitcoins (now worth $100 million) to the crypto exchange Kraken.

Popular crypto analyst Colin Wu tweeted:

“The Bitcoin whale address (18xGHNrU26w6HSCEL8DD5o1whfiDaYgp6i ) transferred out 5000.01 BTC at 04:50:38 (UTC+8) on September 5th to the Kraken, which is worth about $100m now. The wallet was created and bitcoins were transferred to this address in 2013.”

Whales in Action

On Monday, a renowned Crypto influencer (CryptoVinco) revealed a noteworthy transaction on the BTC blockchain. A transaction screenshot suggests that in July, one of the largest BTC whale addresses transferred its BTC holdings to exchanges.