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Bitcoin Whale Initiates $466,510,721 Coinbase Transfer As Large Ethereum and XRP Holders Emerge

Bitcoin Whale Initiates $466,510,721 Coinbase Transfer As Large Ethereum and XRP Holders Emerge
Written by publisher team

A huge whale catches the eye after moving nearly half a billion dollars in Bitcoin (BTC) in a single transaction.

Whale-tracking software initially discovered the massive BTC transfer and reported the details to its 1.9 million Twitter followers.

The whale in question has transferred 9,901 BTC, worth $466.51, from US-based cryptocurrency exchange Coinbase.

Blockchain.com says the cryptocurrency investor has paid 0.00245662 BTC in transfer fees, worth $115.89 at the time of writing.

The Distributed Ledger Explorer also reported that this massive bag of Bitcoin moved again less than an hour later, this time for a fee of just 0.0011104 BTC, or $52.38.

The initial receiving wallet has only been handled twice and currently has a zero balance.

Bitcoin is mostly flat on the day and is currently trading at $47,337.

BTC is not the only digital asset that whales have been cruising around lately as the best cryptocurrency Ethereum (ETH) and global payments cryptocurrency XRP are on their way as well.

Here is a breakdown of the largest ETH and XRP transfers over the past day:

Ethereum is also trading sideways and is currently priced at $3,742. XRP is down 1.25% on the day and is trading at $0.83.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured image: Shutterstock / 300 librarian / Konstantin Varaktinov

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