U.Today – An unidentified whale (BTC) has unexpectedly become active over the past 24 hours, increasing the accumulation of cryptocurrencies in its wallet and bringing its holding to 12,131 BTC.
According to data from Arkham Intelligence, the “bc1qmpn” address originally appeared on the on-chain radar two weeks ago, when it secured 16.87 BTC, equivalent to $1.01 million.
The funds came from another unknown address under the name “bc1qcacv”. Then, eight days later, the new whale received another 176,616 BTC, worth another $10.63 million, and its activity stopped for a while.
However, in the past 24 hours, a large unknown player began to aggressively absorb Bitcoin again, and from the same address where he initially received it. As a result, the total share of his holdings of the main cryptocurrency reached a mark equivalent to the colossal sum of $770.49 million.
Important details
Interestingly, the address from which the unknown whale received the funds also contains a significant amount of Bitcoin, namely 11,477 BTC, which is equivalent to $728.92 million.
The first address that sent funds to “bc1qmpn” is known to have received its first BTC from a wallet that could presumably belong to Fortress Trust, a cryptocurrency custodian and trustee.
However, it is not possible to say for certain whether this colossal amount of bitcoins, whose total value could exceed $1.5 billion, belongs to this company. It is possible that the funds belong to one of the trustee's clients.
This article was originally published on U.Today
