A Bitcoin whale sold 24,000 Bitcoins worth $2.7 billion on Sunday, causing the price to drop by $4,000 within minutes. However, it still holds 152,874 Bitcoins, valued at over $17 billion.
This move resulted in the price of Bitcoin falling from $114,666 to $112,174 within minutes, before partially recovering.
Data from Blockchain.com also showed that a cryptocurrency whale began transferring Bitcoin to the Hyperliquid decentralized perpetual contracts platform on August 16, sending 24,000 Bitcoins worth $2.7 billion across six transfers over the past nine days.
Sani, the founder of TimechainIndex.com, confirmed on platform X that the Bitcoin whale still owns 152,874 Bitcoins distributed across several other wallets.
Sani explained that this money originated from the HTX cryptocurrency exchange (formerly known as Huobi) nearly six years ago and had remained inactive until August 16.
Source: COINTELEGRAPH + Crypto News
