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Massive Crypto Whale Moves $464 Million in Bitcoin – BTC, Ethereum, XRP, Bitcoin Cash, Litecoin Forecasts

June 06, 2019

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Crypto whale watchers are tracking the movement of nearly half a billion dollars in Bitcoin.

The trader in question sent 59,294 BTC from one unknown wallet to another in an eye-popping transaction worth $464,452,994. So far, it appears that the Bitcoin has not been sent to an exchange, indicating the owner does not plan to sell the massive trove of BTC.

? ? ? ? ? ? ? ? ? ? 59,294 #BTC (464,452,994 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/askVLkEuGP

— Whale Alert (@whale_alert) June 6, 2019

This week’s initial and sudden drop in the price of Bitcoin from $8,500 to around $7,900 is being blamed on a separate Bitcoin whale.

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The whale in question moved 25,160 BTC onto the crypto exchange Coinbase right before the drop, and moved the same amount of crypto to two unknown wallets right after the price crashed.

Right now, Bitcoin is down 2.62% at $7,584 according to COIN360. Ethereum is down 3.34% at $238.08 and XRP is up 2.54% at $0.4107.

Technical analysts are tracking Bitcoin’s volatility and the path ahead for altcoins as most of the market remains in the red.

Bitcoin

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Ethereum

XRP, Bitcoin Cash, Litecoin

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.