A seriously wealthy crypto wallet just moved $878 billion in Bitcoin in a single transaction.
According to Blockchain.com, a little over 23,022 BTC was sent in a transfer worth $877,598,640. The transaction fee was just 0.00109424 BTC, or about $42.00. At the time of the transaction, Bitcoin was trading at $38,120.
The recipients of the Bitcoin transaction were two unknown addresses, with one receiving 500 BTC and the other approximately 22,522 BTC. The sending wallet was left with a zero balance.
The wallet that received the bulk of the BTC then initiated a transaction of its own, also sending a small amount of BTC to one wallet and the bulk to another wallet.
The process continued several times and at time of writing, the majority of the BTC is in this new wallet that has otherwise never sent