Anonymous Whale Transfers $140M Worth Bitcoin to Coinbase

An unknown cryptocurrency wallet holding $140 million worth of Bitcoin (BTC) just transferred its funds onto Coinbase. Coinbase Receives 3,684 BTC from Anonymous Whale According to a tweet published by popular blockchain tracking account Whale Alert, in the past twelve hours, an anonymous crypto whale has moved a staggering 3,684 Bitcoin worth 138.9 million at the time to Coinbase cryptocurrency exchange, the largest US-based crypto trading venue. The exact purpose of the transfer remains unknown, however, if such a sum was to be sold all at once, it could tumble the Bitcoin prices, at least for the short term. It is worth noting that since Bitcoin is based on a Blockchain ledger where every transaction is publicly recorded, and the hefty shift of funds was quickly noted by crypto enthusiasts, platforms, and websites. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,684 #BTC (138,966,710 USD) transferred from unknown wallet to #Coinbasehttps://t.co/GMIg4yd7Dh — Whale Alert (@whale_alert) March 7, 2022 Crypto Market Still in Red The world’s most popular cryptocurrency by market capitalization, Bitcoin (BTC) was up but still trading below the $40,000 price mark as the ongoing conflict between Russia and Ukraine continues. The second-largest cryptocurrency by market capitalization, Ethereum was down by 0.9 percent at $2,515. The global crypto market cap still struggles at just over $1.7 trillion, according to cryptocurrency tracker CoinGecko.The ...