Whale Watching: Bitcoin bulls move $289.4m in BTC transactions

31 May, 2019
by Ryan Boltman
Analysis
Whale Watching: Bitcoin bulls move $289.4m in BTC transactions

For the first time in weeks, Bitcoin has not only topped the list of whale moves but also features in all five spots on the list. 

Whale moves this week saw $289.4 million moved in whale moves which featured only Bitcoin, taking all five spots on this week's whale watching. 

Bitcoin transactions have increased dramatically following the recent surge in price over 2019, climbing over 150% this year. It comes as no surprise that the positive price moves for BTC have increased the amount of whale moves seen for BTC. This weeks top whale move saw $119.6 million, or 15,000 BTC transferred between two unknown wallets. Picking up second place was a $52.9 million BTC transaction. Completing the bottom three were  $39.89m, $39m, and $37.96m BTC transactions.

TOP 5 LARGEST WHALE MOVEMENTS

This week sees a total of $289.4 million moved for a total of $17.75 in transaction fees. 

5. 4,328 #BTC (37,961,371 USD) transferred from unknown wallet to unknown wallet -27 May

Tx Cost: $3.90

4. 4,474 #BTC (39,008,580 USD) transferred from unknown wallet to unknown wallet -27 May

Tx Cost: $3.17

3. 4,524 #BTC (39,897,280 USD) transferred from unknown wallet to unknown wallet - 27 May

Tx Cost: $3.17

2. 6,067 #BTC (52,967,923 USD) transferred from unknown wallet to unknown wallet -28 May

Tx Cost: $0.19

1. 15,000 #BTC (119,609,806 USD) transferred from unknown wallet to unknown wallet - 26 May

Tx Cost: $7.32

SPECIAL MENTIONS: 

This week also saw massive company transfers, which were not featured in our top whale moves as they are transfers between company accounts including an $89.2 million XRP transfer as well as two Binance BTC transfers totalling $1.257 billion.

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Read more about: Bitcoin (BTC)

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