Is This the Calm Before the Storm in the Cryptocurrency Market? Whales Made Millions of Dollars Worth of Bitcoin and Altcoin Transactions: Here Are Their Preferred Altcoins!
Photo: Bitcoin Sistemi
The cryptocurrency market faced intense selling pressure following the Binance hack, which resulted in losses of approximately $6.3 billion, with major cryptocurrencies, particularly Bitcoin and Ethereum, losing value. Bitcoin fell to around $77,000, while Ethereum dropped to $2,280. While market activity continued after these declines, transfers made by whale wallets also attracted attention. According to Lookonchain, a cryptocurrency analytics platform, a wallet transferred all 999,953 Bitcoin (worth $78.12 million) after more than six years of inactivity. According to Arkham data, the wallet acquired these 999,953 Bitcoins over six years ago, when Bitcoin was trading at $10,727.
Source: Bitcoin Sistemi
