An under-the-radar Bitcoin whale just relocated hundreds of millions of dollars worth of BTC as the flagship cryptocurrency moves to break its all-time high.
According to distributed ledger explorer Blockchain.com, an unknown entity transferred 11,999 BTC worth $703 million in an instant for a fee of $571.
Trending: WATCH: What You NEED To Know About SPARS
The sending wallet, which was created in December 2018 and received substantial amounts of BTC in the same month, was ranked as the 60th largest BTC address prior to the transaction, according to BitInfoCharts.
The massive BTC stash was subsequently moved in a flurry of transactions with varying amounts of BTC.
So far, the cryptocurrency does not appear to be heading to any known crypto exchange addresses, where it could be sold on the open market. Since none of the addresses have been identified, it’s unknown if the BTC belongs