Mysterious Bitcoin Whale Moves $230 Million

A mysterious bitcoin whale has recently made a 40,000 bitcoin transaction that only cost 0.0001 BTC. This means that to move nearly $230 million worth of cryptocurrency, the whale only paid a 57 cent transaction fee.

According to blockchain data, the funds were moved out of an address using the segregated witness (SegWit) protocol, as it starts with ‘bc1’, to another address using the protocol. SegWit was introduced back in August of 2017 to help improve the efficiency of bitcoin transactions.

On social media, some have theorized the transaction was carried out by a popular Bitcointalk user known as Loaded, who’s known for having a whopping 40,000 BTC stash.

Reference: https://www.cryptoglobe.com/latest/2019/05/mysterious-bitcoin-whale-moves-230-million-for-57-cents-with-btc/

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Author: Neo Anderson

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