- A recent tweet from Whale Alert confirms a huge transaction of 12,000 BTC today.
- This transfer, however, emerged from an unknown wallet and unknown recipient.
— Whale Alert (@whale_alert) August 25, 2021
The unknown whale made the transaction on Wednesday, August 25, 2021, at 08:36 UTC. Moreover, the said transfer recorded 12,476.595 BTC which amounted to a total of $594,679,400.
The transaction reveals that the whale used Binance. To note, Binance is a crypto exchange giant that lists most of the stable coins in the market today.
Bitcoin’s Bull Run Continues
The current bull run has gradually shifted the crypto market to greater heights for the past weeks. Since BTC reached the $50k mark, more traders have joined in. Honestly, huge investments like this are beneficial in increasing the value of Bitcoin. When this happens, hodlers and trades alike feel elated.
JUST IN: For the first time since early May, Bitcoin rises above $50,000
— The Spectator Index (@spectatorindex) August 23, 2021
Going back to stable coins, Bitcoin, on the other hand, continues to flourish as it reached this mark for the first time again after three months. After the subtle dip in the market a few months ago, most traders are back to the game. For years, Bitcoin has retained its top spot in the crypto market and crypto exchanges. This shows not only how stable BTC is, but also how many prolific individuals invest in this crypto.
Furthermore, at the time of writing, BTC price is recovering fast at $47,000.