Post
Topic
Board Bitcoin Discussion
Re: New whale bought $3 billion dollars worth of Bitcoins..
by
mk4
on 17/08/2022, 04:07:24 UTC
I wish journalists would take two seconds to actually understand what they are writing about.

There is no new whale, all those funds sitting in the new address:
https://bitinfocharts.com/de/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
have come from here:
https://bitinfocharts.com/de/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

You can see pretty well all the movements:
1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ>1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR>1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

And no, that's no new whale and no older whale, that's Coinbase (the company) wallet and they are just moving funds to a new adress.

Taking a look at the amount and without even reading your reply, I automatically thought it was either an exchange, or some sort of hedge fund. Like, what are the chances that a multi-billionaire just right out buys $3b in bitcoin? Quite low.