Bitcoin Whale

The third largest Bitcoin address just bought another 478 Bitcoin for roughly $9 million. This brings the anonymous whale’s Bitcoin holdings above 136,000 coins, worth over $2.5 billion.  Per data from Bitinfocharts, the address holder added 478 Bitcoin to his wallet at 16:05 EST on Tuesday. Each coin was bought at an average price of $18,900, making the total purchase $9,000,187. His new balance is 136,382 Bitcoin – worth more than MicroStrategy’s last report numbers of 129,600 Bitcoin.  It’s the…

Data from blockchain analytics firm CryptoQuant reveals that over 5,000 Bitcoin more than 7 years old were moved on Saturday. According to the company’s community manager “Maartuun” on Twitter, this could be a sign of further downside to come.  In a post on Sunday, Maartuun shared a chart showing the on-chain movement history of bitcoins during various timeframes.  Exactly 5,019 BTC that hadn’t moved in 7 to 10 years were transferred in one block on August 28. One block is…

A half-ancient Bitcoin address – created while Satoshi was still active – abruptly spent all of its coins yesterday night. Its once 489 Bitcoin balance has been reduced to zero, having been moved elsewhere. The transaction marks the first time the wallet saw any activity since last June and the first time that any coins have ever been spent from the address. The first time the wallet received coins was in October of 2010, when a whopping 489 Bitcoin was…

The third-largest Bitcoin address has long been a topic of intrigue, given that nobody knows the owner of its vast coin pot. Over the last week, the mystery whale added another $28 million in Bitcoin to his holdings, bringing his total Bitcoin stack to over 126,000 coins. The notorious 1P5ZED address accumulated 318 Bitcoin on Monday, followed by another 412 on Tuesday. The 730 coins were bought at an average price of $38,400. As Bitcoin’s price has risen since then,…

Before Bitcoin’s dramatic price increase earlier today, an unknown buyer bought $1.6B worth of cryptocurrency in five minutes. That’s more than Elon Musk– one of the world's richest men– spent on Bitcoin in February. Whales Pumping Bitcoin’s Price CryptoQuant CEO Kim Young Ju revealed the massive purchase earlier today, using his company’s on-chain data. According to a chart comparing price and buy volume on all exchanges, buy volume massively spiked early on October 6th. This was naturally coupled by an 8% price…

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports.  DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth. Benefits of  Whales to Blockchain-Powered Gambling Apps Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change.  The report noted that without regard to…

Recently, a whale moved a significant amount of Bitcoin on the Bitcoin Network. These bitcoins withdrawn from Bittrex amounted to 47 452 BTC, equivalent to 414 million, and the transfer fee was only $0.68.  The Whale Alert recorded the movement of this massive amount of Bitcoin earlier today. The address that received the Bitcoins quickly moved the funds to another address.  BTC Transaction Fees are Decreasing Over the Years It looks like Segwit is trying to bring down fees since…