PakGazette – As the cryptocurrency market continues to wipe out large-scale deposits and liquidate overly greedy and late traders, large-scale cryptocurrency transfers involving unknown wallets continue to take place in the background. One of those transfers that caught attention was the transfer of 666 BTC, which at current prices is equivalent to $62.17 million.
According to Whale Alert, this transfer was made from an unknown wallet with the address “3NVeX” to the address that the tracking service says belongs to Antpool, which is one of the largest mining pools in the industry.
Interestingly, at the same time, Arkham Intelligence data shows that the transfer was not made to the mining pool address but to Cobo’s escrow account, which is a popular Web3 wallet platform.
This address, however, was not the last stop for the (BTC) data, when another 17 BTC and a transfer of 683 coins were made to an unknown address, “3BHXy.” This Arkham address is also suspected to belong to Cobo, and its balance currently contains 5,435 BTC, which is equivalent to $511.53 million.
These transfers excite the crypto public because they are often associated with the sale or purchase of cryptocurrencies by a major player.
However, this is likely not the case here, and is most likely simply a transfer of Bitcoin from one pocket to another. Thus, it can be concluded that the only sinister thing here is the initial amount of the transfer.
