Observing the high-net-worth investor’s transaction history, a large Bitcoin whale BitInfoCharts emerged in the crypto market showing that a large chunk of the whale’s Bitcoin came from a specific Coinbase wallet while the rest of the BTC mostly came from a wallet that was previously labelled as the richest non-exchange Bitcoin whale.
The previous wealthiest Bitcoin whale had a balance of 132,883 BTC earlier this month before the entity rudely emptied the wallet’s content from July 19th to July 21st. The whale then referred the Bitcoin stack to either the same Coinbase wallet or to the wallet that now embraces the richest non-exchange Bitcoin whale title.
Even though there’s a connection between the crypto wallets, the motive why the whale moved the funds is unclear. The whale may be moving the BTC stack for security reasons or to facilitate a direct, over-the-counter sale.
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