- A Bitcoin whale has moved 15,022 Bitcoin (worth ~$162 million) in a single transaction.
- The sender only paid $0.90 in transaction fees.
A Bitcoin whale has emptied a Bitcoin wallet holding over 15,000 Bitcoin in a single transaction. The transaction totaled over 15,022 Bitcoin, worth over $160 million at the time of transfer. The wallet currently has a balance of 0 Bitcoin at the time of press.
The wallet saw its first input on June 2, 2020, with continual inflows until today’s massive outflow. Moreover, the entire transaction only cost the sender 0.00008320 BTC, worth approximately $0.90 at the time of press. This transaction fee was paid to Bitcoin miners who processed and validated this transaction.
The massive transfer comes as Bitcoin soars past $11,000. Bitcoin’s rise triggered millions in short liquidations, The Crypto Associate previously reported. Traders open Bitcoin shorts to make money when the cryptocurrency falls. Subsequently, they lose money when the price rises.
Ethereum Fees Soar
While Bitcoin fees remain under $1, Ethereum transaction fees are soaring. Despite the outlier in early June, transacting on the Ethereum network is becoming more expensive.
In addition to the increasing fee, the daily gas usage on the Ethereum network is also reaching all-time highs.
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