Whale, which ranks fourth among the wealthiest Bitcoin (BTC) addresses, currently holds 112,593.6 BTC, or about 0.6% of the total BTC in circulation. The whale recently (9th) bought an additional 3,720 BTC. The Daily issue reported this on the 10th (local time).
This address is in a unique league of only 4 addresses worth over 100,000 BTC, making it the richest Bitcoin address on the blockchain that has nothing to do with cryptocurrency exchanges.
The remaining three addresses holding more bitcoins than these belong to the cryptocurrency exchanges Binance, Bitfinex, and Huobi, respectively.
The recent plunge in the Bitcoin price shows that BTC is accumulating at this whale’s address. Since the price of Bitcoin fell from around $47,000 in mid-May to around $30,000 so far, the whale has bought about 13,667 BTC and sold none.
Since the start of the bull market, Bitcoin whales have been steadily accumulating. Between now and December 16, 2020, the whale added about 38,186 BTC as Bitcoin crossed the $20,000 mark for the first time.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.