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468 Million Dollar Bitcoin transaction: Whale Alert

Whale Alert from social media bots caught a pretty big trade last day. According to information shared by Whale Alert, an unknown Bitcoin user has traded a total of   49 thousand 756 Bitcoin (a total value of 468.5 million dollars). The whales in the crypto-currency market are doing this and similar procedures.

This is because they can send such large transactions with very low transaction fees. These cryptocurrency users have to pay a lot more processing fees when they try to send those transactions through a bank, not with Bitcoin. In addition, transactions sent with Bitcoin reach its goal in a much shorter time.

It is possible that the 468 million dollar transaction was made by a cryptocurrency exchange. According to the information given by Whale Alert, this address has done three different actions after the relevant procedure, and they all processed it in almost the same value. Such transactions are usually made by the markets of the industry, not by individual cryptocurrency investors.

It seems quite possible that a stock exchange made the transfer from the wallet to the wallet.

-OBN

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.