Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination

Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination
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The crypto community’s attention has been drawn to a Bitcoin whale who recently moved a huge portion of their BTC holdings across different wallets. This action has sparked the curiosity of those in the community about the reason for these transactions. 
Bitcoin Whale Moves $6 Billion In BTC
Blockchain analysis platform Arkham Intelligence first brought this occurrence to the community’s attention when it mentioned in an X (formerly Twitter) post that the Bitcoin address (37XuVSE) had moved over $6 billion in BTC to three new addresses. 
As part of the transactions, $5.03 billion worth of BTC was sent to one of these addresses (bc1q8yj), while the two other addresses (bc1q6m5 and bc1q592) received $561.46 million and $488.40 million worth of BTC respectively. Arkham added that one of the wallets (bc1q592) has since then proceeded to transfer the received funds to another wallet. 
Notably, the wallet which moved $6 billion in BTC was before now the fifth richest Bitc

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