Crypto Whale Bought 2,700 Bitcoins Worth $137 Million in a Single Transaction

Bitcoin’s third largest holder has added 2,700 bitcoins to his account. Their price is $ 137 million. The purchase was made after Bitcoin touched an important support level of $50,000. Bitcoin whale accounts have been selling out since the crypto market crashed at the end of last week. For this reason, the price of this biggest cryptocurrency went up to $ 50,000. However, this whale has made big purchases going the opposite way. This could be one of the biggest crypto transactions of recent months.

The transaction was first spotted on BitInfoCharts and reported by CoinTelegraph. This whale has been buying Bitcoin for the past month but its recent purchase of 2,700 Bitcoin is the biggest. According to VentureFounders, “This is the largest number of bitcoins ever in this wallet. There are 1,18,017 bitcoins in this wallet and whales have spent about $ 2.5 billion (approximately Rs 18,864 crore) for this. Their average cost is 21,160. dollars.” Chain data provider Santiment accordingOn Monday, Bitcoin reached the level of around $ 50,100. Some whales have even sold bitcoin on the decline and repurchased it for less than that.

At the time of publishing this report, the price of Bitcoin on Indian exchange CoinSwitch Kuber was $ 54,024 (about Rs 40.74 lakh) and on CoinMarketCap it was $ 50,856. It has gained about 4.9 percent in the last one day. Recently an Ethereum whale bought 28 billion Shiba Inu tokens worth $1.1 million. This whale now has over 1.2 lakh crore tokens in its portfolio. Called “Gimli,” the whale wallet began buying Shiba Inu tokens in June and has since bought $56 million worth of tokens.

The value of the Shiba Inu has dropped by more than 45 percent in the last 30 days. However, whales like Gimli have been buying steadily in the fall and this has also increased the popularity of this coin. Shiba Inu has dropped out of the list of top 10 cryptocurrencies by market cap.