Hot News

Buying The Dip: 3rd Largest Bitcoin Wallet Just Bought $23 Million Worth of BTC

The third-largest bitcoin wallet has been busy buying the dip. During the current market downturn, the whale entity added almost 500 BTC to its stash.

  • The mysterious third-largest Bitcoin whale bought 490 BTC when it was exchanging hands at around $46,800 in a transaction with a face value of $23 million.
  • WhaleAlert reported that it took place on September 8 at 00:05 GMT, and the coins were moved from the US-based crypto exchange Coinbase.
  • As of press time, that whale still holds 4,000 more BTC than at the all-time high at $65,000, bringing its worth to $5 billion.
  • CryptoPotato reported on August 27 that this BTC whale also accumulated more Bitcoin with two purchases. One of them was 466 bitcoins at the $47,400 level. The previous one was on August 26 with a modest transaction of 38 BTC, totaling a purchase worth $23 million at today’s prices. All the trades were made from a Coinbase wallet.
  • The whale’s maneuver came after the recent bloodbath experienced by the cryptocurrency market– the same day when El Salvador became the first country in the world to make Bitcoin a legal tender.
  • Unfortunately, the market lost over $330 billion from its total capitalization, turning this into one of the worst days since May 19th.
  • Altcoins also followed the same path, with the top-ten coins plummeting across the board, except for Solana (SOL), which managed to keep positive on a weekly basis despite the sell-off.
Read more:  Change of Heart? India Reportedly Considers Classifying Bitcoin as an Asset Class

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

  • Buying The Dip: 3rd Largest Bitcoin Wallet Just Bought $23 Million Worth of BTC

    Bitcoin Crashes Below $30K For The First Time Since January 2021

  • Buying The Dip: 3rd Largest Bitcoin Wallet Just Bought $23 Million Worth of BTC

    Local-Top Indicators Flash for Bitcoin: 3rd Biggest Whale Sent 3,000 BTC to Coinbase

  • Buying The Dip: 3rd Largest Bitcoin Wallet Just Bought $23 Million Worth of BTC

    Bullish: Bitcoin Reserves on Coinbase the Lowest Since December 2017

Tags: Bitcoin Bitcoin (BTC) Price

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button