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Whale Moves 50,042 Bitcoin (BTC) Worth $367 Million in Sudden Crypto Shuffle

April 07, 2020

A mysterious crypto whale just surfaced, moving hundreds of millions of dollars worth of Bitcoin (BTC) in a series of transactions.

According to Blockchain.com, the whale initially transferred 50,042 Bitcoin worth $367,982,598 to one unknown wallet, and in the same transfer sent 100 to a separate unknown wallet. The fee for the giant transfer was only 37 cents.

The movement was first spotted by the crypto tracker Whale Alert.

? ? ? ? ? ? ? ? ? ? 50,042 #BTC (367,982,598 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/JtqWnqm9uW

— Whale Alert (@whale_alert) April 7, 2020

After the initial transfer, the whale then continued to move the BTC to unidentified wallets in a similar fashion, until sending a final lone transfer of 49,742 to one address.

The mysterious shuffle leaves no clue as to the origin of the sender. The whale could be an exchange, an institution, a crypto custody company, an over-the-counter trade, or an individual investor moving funds.

In the last 24 hours, an additional 16 large transfers have been spotted on the ledger. The largest moved 5,150 BTC worth $36.5 million from Bitfinex to an unknown wallet.

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