Following certain Twitter accounts can grant one unique insight into the cryptocurrency world. Three recent Bitcoin transactions worth millions of dollars have attracted plenty of attention, yet no one knows what is going on exactly.
When large sums of crypto funds are being moved around, everyone is perking up.
Three Whale Transactions in one Bitcoin Block
In this case, three Bitcoin transactions were identified in the same block.
It is possible that all three transactions belong to the same sender, even though the balances are very different.
The biggest transaction is valued at $439 million at the time of transacting.
One possible explanation is how an exchange is moving funds between wallets.
Another potential outcome is how a fund or trust is shifting its balances around a bit.
Regardless of the reasoning behind it, these transactions highlight the potential of blockchain technology.
Moving vast sums of money around is not an issue when using this technology.
While it may take some time to complete, it is still faster than…