3,550 BTC Transferred from Unknown to Coinbase Prime Amidst Crypto Whale Activity

IconCryptoNewsTerminal Staff16 May, 2024

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3,550 BTC Transferred from Unknown to Coinbase Prime Amidst Crypto Whale Activity

Whale Alert reports that 3,550 BTC was transferred from an anonymous address to a Coinbase Prime address. This substantial transaction is worth approximately $230 million at the current market value of Bitcoin. The transfer occurred as part of a series of large cryptocurrency transactions recently observed by Whale Alert. These movements underscore the ongoing activity among crypto whales, who possess significant market influence.