not long ago Blockchain According to the data recorded on cryptocurrency whales total 2,650 Bitcoin Transferred to Coinbase exchange.
The amount transferred corresponds to approximately 102 million dollars, according to the BTC price at the time of this writing.
This transfer of the whale took place on March 8, 2022 at 21:51 Turkish time. The WhaleStats account, which tracks the movements of whales, shared the transaction on Twitter.
It is not yet known how the crypto money whale will move after this transfer.
Some users think that the whale will sell the Bitcoins in question and move on to cash, while others believe that the BTCs will be sold and converted into altcoins.
However, the whale may have made this move purely strategically.
Cryptocurrency Whale Paid $0.60 For A $102 Million Transfer Transaction
According to the data, the whale in question paid a transaction fee of approximately $0.60 to send 2,650 Bitcoins to the Coinbase cryptocurrency exchange.
Stating that huge commissions can be received when such a large money transfer is carried out through banks, experts point out that one of the benefits of crypto money technology is the decrease in transaction fees to insignificant sizes.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,650 #BTC (102,485,984 USD) transferred from unknown wallet to #coinbasehttps://t.co/dHmLnzt9CT
— Whale Alert (@whale_alert) March 8, 2022
with this Ethereum Some cryptocurrencies may have to apply high transaction fees as a result of problems with scalability.
In November of last year, transaction fees on Ethereum rose to $63 per transaction.
Layer 2 cryptocurrencies are used to find solutions to scalability problems on Ethereum.
*Not investment advice.