Big Bitcoin Move: Whale Buys 1,000 BTC for $59.65M and Holds $450M in Total

Date: Thu, August 29, 2024, 09:03 AM GMT

In recent cryptocurrency news, a major whale has made waves by purchasing 1,000 Bitcoin (BTC) for a staggering $59.65 million. This significant buy was made just 55 minutes ago, and the whale now holds a total of 7,559 BTC, valued at $450 million.

A whale bought 1,000 $BTC($59.65M) from the bottom 55 minutes ago and currently holds 7,559 $BTC($450M)!

This whale sold 7,790 $BTC($468.3M) between Jun 27 and Jul 8 before.

Address:
3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN pic.twitter.com/JPjSOHUm83

— Lookonchain (@lookonchain) August 29, 2024

The same whale had previously sold 7,790 BTC, worth around $468.3 million, between June 27 and July 8. The wallet address involved in these transactions is 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.

Despite Bitcoin’s recent performance struggles around the $60,000 mark, this whale’s latest purchase demonstrates a strong belief in the cryptocurrency’s future potential. Currently, Bitcoin is trading at $59,646, with a total market capitalization of $1.17 trillion.