In what is becoming a more common phenomenon, traders are beginning to resort to more involved tactics to get an idea of where the market might be headed in order to predict any possible dumps.

In our sleuthing, we found that a wallet containing more than 66,000 BTC recently transferred its entire balance to 101 separate bech32 type addresses. This address is notably associated with five other addresses also containing more than 66,000 BTC, dating back to 2013.

In total, it appears the wallet owner is in possession of a combined sum of over 300,000 BTC worth in excess of $1 billion. Whoever it is, it is surprising they have managed to remain anonymous for so long — as these figures make them one of the largest Bitcoin holders in existence.

According to a Reddit thread dating back to 2013, the funds may be the result of illicit activity, indicating that it may have either been seized by an enforcement agency or the culprit is on the move again.

$250 Million Transacted for Just $3.80

The transaction in question features transfers to 101 different wallets, all barring one being for exactly 660.33747869 BTC, while the remaining wallet received ‘just’ 200 BTC or $766,000 as of writing.

Interestingly, the smallest transfer was made to what appears to be a vanity address beginning 1FUBES, a wallet that received dozens of other 200 BTC transactions over a 3-day period.

The wallet received its first transaction just days ago, leading us to wonder why somebody would go through the effort of generating a vanity address and how one goes about receiving 200 BTC payments on a regular basis.

[bctt tweet=”Either somebody is getting rich, or a whale is trying to cover their tracks.” username=”beincrypto”]

Demonstrating the potential of blockchain technology, the entire sum was transferred for just $3.80, or the price of a cup of coffee in some parts of the world. Had this transaction been conducted by wire transfer, a fee closer to $250,000 would be expected, not including any foreign exchange fees on the other end.

Who do you think is the owner of the address? Do you think the move signals an incoming dump? Let us know what you think in the comments below! 

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