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In A Single Transaction, Crypto Whale Adds 2,700 Bitcoins Worth $137 Million

After the price of Bitcoin hit a vital support level of $50,000, the third-largest Bitcoin holder on record added a whooping BTC 2,700 to their wallet, valued at $137 million. Bitcoin whale accounts have been actively selling over the past week, particularly following the large drop on Saturday, and have played a key role in pushing the most popular cryptocurrency beyond $50,000. However, going against the grain, on-chain monitoring resources claim that this particular whale transaction is one of the largest in recent memory.

The whale, originally seen by BitInfoCharts and reported by CoinTelegraph, has been buying Bitcoin on a regular basis over the past month, but the most recent purchase of 2,700 Bitcoin is one of the largest for the whale. “This is officially the biggest number of Bitcoin EVER held in this wallet: BTC 118,017,” according to VentureFounders. “In total, the whale has put $2.5 billion into buying BTC at an average cost basis of $21,160 per BTC.”

 

According to Santiment, an on-chain data source, Bitcoin had recovered to over $50,100 by Monday “Whale traders were masters of the dip. Addresses holding 100 to 10k $BTC had accumulated 67k more $BTC after dumping the same amount before the price decrease, starting during the dump to $43,000.”

Bitcoin is presently valued at $54,024 on Indian exchange CoinSwitch Kuber, up 4.9 percent in the last 24 hours, while CoinMarketCap values the cryptocurrency at $50,856.

 

An Ethereum whale, one of the largest, just came in to add 28 billion Shiba Inu tokens, valued at over $1.1 million, to a portfolio of over 1.2 trillion tokens. The whale wallet known as ‘Gimli’ started buying SHIB tokens in June and has since amassed a total of $56 million .

 

The value of Shiba Inu has decreased by more than 45 percent in the last 30 days, yet whales like ‘Gimli’ have continuously bought the dip to assist the Dogecoin competitor gain widespread acceptance.