Crypto Whale Buys 2,700 Bitcoins Valued $137mln in Single Trade
The third-largest Bitcoin holder on records has added a massive BTC 2,700 to their wallet – a quantity valued $137 million after Bitcoin’s important support level of $50,000. Bitcoin whale accounts have been aggressively liquidating over the last week, particularly following Saturday’s significant decline, and have been instrumental in driving the most popular cryptocurrency beyond the $50,000 barrier.
However, paddling against the flow, on-chain monitoring tools indicate that this specific whale transaction may be one of the largest in recent history. The whale has been purchasing Bitcoin on a regular basis over the last month, as BitInfoCharts and CoinTelegraph revealed, but the most recent purchase of 2,700 Bitcoin is the whale’s largest to yet.
According to VentureFounders, “One is the biggest amount of Bitcoin ever kept in this wallet: BTC 118,017; in all, the whale has invested $2.5 billion in BTC at an average cost base of $21,160 per BTC.”
Bitcoin rebounded to roughly $50,100 on Monday, according to on-chain data source Santiment “Whale traders mastered the downturn. Beginning with the dump to $43,000, addresses holding 100 to 10,000 $BTC have acquired 67k more $BTC than they had before to the price decrease.”
Bitcoin is presently priced at $54,024 on Indian exchange CoinSwitch Kuber, while CoinMarketCap rates it at $50,856, an increase of 4.9 percent over the last 24 hours. Recently, an Ethereum whale, one of the largest, came in to add 28 billion Shiba Inu tokens, valued at over $1.1 million, to a portfolio now totaling over 1.2 trillion tokens.
The whale wallet, called ‘Gimli,’ started purchasing SHIB tokens in June and has already amassed a total of $56 million in value. Shiba Inu’s value has fallen by more than 45 percent in the last 30 days, yet whales such as ‘Gimli’ have routinely purchased the dip to aid the Dogecoin rival’s ascension to mainstream acceptance.
You already bought 8,117 #BTC in the low $50k since the November correction, BTC dumped <$50k suddenly, what do you do?
The 3rd largest #Bitcoin whale wallet: BUY 2,702 more BTC in one day.
— venturefoundΞr (@venturefounder) December 7, 2021