The Art of Accumulation
Bitcoin enthusiasts are in for a wild ride! As the price dipped to $42,000 earlier today, some savvy Bitcoin billionaires took full advantage, scurrying like squirrels collecting acorns before winter. One prominent address linked to Binance made headlines by adding a whopping 43,000 BTC to its portfolio at an average price of $46,553.68. Talk about taking advantage of a sale!
Binance Makes Moves
The whale in question is no ordinary fish in the pond; this address has now amassed a jaw-dropping total of $5.5 billion in Bitcoin. In a world where wallets are colder than wintery tundras, Binance clarified that this wasn’t a new Bitcoin purchase but rather a typical transfer—from one pocket to another, if you will!
A Continued Spending Spree
Elsewhere in the ocean of Bitcoin, the third-largest address has been on a spending spree, claiming an additional 551 BTC since two days ago, securing its place in the range of $40,000. With a total of 121,396 BTC or about $5 billion, this whale means serious business!
Social Media Buzz
Of course, the activity didn’t go unnoticed. Social media erupted with discussions around the owner of the $43,000 BTC buy. Interestingly, Binance had confirmed ownership of their address back in 2019, so for those conspiracy theorists out there wondering who’s behind this wallet, the answer is clear. It’s Binance, folks!
A Wallet’s Journey
The wallet at 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb was initially intended for issuing crypto-pegged tokens but has since become a cold storage for Binance’s vast holdings. As of April 2021, this wallet was marked as the Binance BTC reserve address, yet, astonishingly, it has never sold a single satoshi! Accumulating a total of 116,601.13647202 BTC since June 2019 is no small feat.
Diamond Hands and Strong Futures
As we delve into the depths of this thrilling Bitcoin saga, the wafting aroma of diamond hands fills the air. Currently valued at about $4.98 billion, this address exemplifies what it means to hold on tight. So, what’s the moral of the story? In the world of cryptocurrencies, when prices dip, the wise whales rise!
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