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Whale alert

The Holder Withdrew the Bitcoins that Had Risen in Price by 3600 Times

Whale Alert? What happened? LATOKEN is not only sharing important information about potentially promising tokens, crypto projects, and protocols; we also share crypto news. LATOKEN, one of the leading crypto exchanges, cares about its users and crypto enthusiasts worldwide. It wants to keep everyone up to date. So today, we want to share some impressive whale alert news!

What was tweeted by Whale Alert?

The owner of 616 bitcoins ($29.4 million at the time of the transaction) withdrew the cryptocurrency from his wallet, paying only $0.48 in commission.

On September 19, a transaction was recorded when the holder withdrew more than 616 bitcoins from his wallet that had been stored since 2012. According to the “Blockchair” service, nine years ago, the wallet owner bought the cryptocurrency for a total of $8.1 thousand (about $13 per coin). At the time of the transaction, the Bitcoin price stored for nine years exceeded $29.5 million (an increase of almost 3600 times). The transaction fee was $0.48.

On July 13, bitcoins came into motion, which had been at the same address for more than nine years. With the help of two transactions, 740 bitcoins were transferred, stored in one wallet since May 2012. Almost ten years ago, the cost of these coins was $3.7 thousand ($5 per BTC), and at the time of the transaction — $26.1 million. Over nine years, the value of digital coins has increased 7 thousand times.

In September 20, the Bitcoin price  dropped to $ 42.5 thousand for the first time since August 5. The world’s first cryptocurrency is traded at $ 43.8 thousand. Over the past day, the Bitcoin price has fallen by 8%.

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LATOKEN is an international, one of the leading crypto exchanges, and IEO launch platforms with a focus on security and useability.

LATOKEN has 2 million accounts, including 1+ million mobile app installs with 4.5 reviews scored by 25+k users.

This crypto exchange is planning IPO as a top DeFi bet and is interested in VCs and partners with fintech IPOs and/or DeFi success cases on the belt.

LATOKEN is building a team to enter the US market, upgrade to institutional-grade exchange, launch DeFi products on LACHAIN, and bring commerce and banking to blockchain technology to automate transaction processing and save many business hours per year.

The platform offers 300+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.