The world of digital assets received a much-needed boost recently after Bitcoin [BTC], the world’s largest cryptocurrency, shot up in value and contributed to the rest of the market following suit. This unprecedented hike also resulted in market momentum increasing, as evidenced by transfers to and from wallets and exchanges.
According to Whale Alert, a cryptocurrency data aggregator, massive amounts of Bitcoin were moved between exchanges as well as unknown wallets, on June 6. The largest transfer saw 59,294 BTC being moved from an unknown wallet to another unknown wallet. The transfer amounted to almost half a billion dollars, clocking in at $464.452 million. The transaction had a timestamp of 10:39:03 UTC and a hash of c1fe535009b2ba2170b76eebed30753f3039d3ec3f77c70ddfcd71c08d2ce167. The sender wallet had an address of 33gXc64essmPmVkwNJvmbknoGxfiKrue9X, while the receiving wallet held two addresses.