Bitcoin Whale Withdrew $144 Million Paying $0.3 Fee
One of the largest holders of the first cryptocurrency withdrew all the coins from his wallet in one transaction: he transferred 14,922 BTC ($144 million) to an unknown address. The fee amounted to a ridiculous 30 cents.
— Whale Alert (@whale_alert) May 18, 2020
The name of the bitcoin whale is unknown, but his wallet has been closely monitored lately. As of April 5, this address was in 58th place in terms of the number of coins on the balance (12,380 BTC), BitInfoCharts informs. A little more than a month later it immediately rose by 10 points and took 48th place, having 15,470 BTC on the wallet.
This is not the first case of small fees when transferring hundreds of millions of dollars in cryptocurrencies. For example, just last week, an unknown holder transferred 47,835 BTC ($417 million) and paid a fee $1.44.
Such transactions would take a lot of time in traditional payment systems (from the point of view of checks, certificates, confirmations, etc.), and fees would be dozens, if not hundreds of thousands of US dollars.