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In brief

  • An unknown wallet transferred 7,073 BTC today, worth $333 million.
  • Speculations include institutions moving crypto to cold storage, OTC trades or internal transfers.

An anonymous whale just shifted over 7,000 Bitcoin—worth nearly $333 million at Bitcoin’s current price—to an unknown wallet, according to blockchain tracker Whale Alert.

The whale—a term used to denote owners of massive amounts of bitcoins—made the transaction at 01:53 UTC this morning from an unknown wallet to another unknown wallet. Before the transaction, the whale was the 241st largest Bitcoin wallet.

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