$103 Million Bitcoin Transfers Stun Major Crypto Exchange in Minutes
On May 14, two large Bitcoin transfers to Coinbase, a leading U.S.-based crypto exchange, were identified during the latter hours of the day by blockchain tracking platform Whale Alert.
According to the data provided, the transactions saw a total of $102,850,765 in Bitcoin moved to the exchange in two separate transfers, sparking speculations of increasing Bitcoin sell-offs among whales.
While the transactions appeared identical with exactly 498 BTC transferred twice, they were conducted by two unknown whales at slightly different amounts. The first 498 BTC transfer was worth $51,433,438, and the other $51,418,327.
