In the crypto market, the movements and transactions of large wallets, or what are called whales, are monitored and tracked, because any of them means the movement of the market as well, especially if large amounts of bitcoin are pumped into the market.

Recently, Xapo, which holds a large amount of bitcoin making it the second largest bitcoin wallet in the world, transferred 96,857 bitcoins (about $1,146,000,000) to two separate wallets.

The transaction was monitored by Whales Alert’s Twitter account where it was stated that the fee for this huge transaction did not exceed $3.55 or 0.0003 Bitcoin.

Been sent 92857 Bitcoin to an anonymous wallet and send 4000 BTC to another anonymous wallet address.

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Some cryptocurrency analysts are of the opinion that Xapo may have executed the transaction in order to secure the assets of its clients.

Xapo is known for the extra security measures it takes to ensure the complete security of its clients’ assets. Xapo has separate Bitcoin wallets that store Bitcoin on five continents including wallets in the Swiss Alps.

For your information, Xapo was acquired by Coinbase in August 2019.

After Xapo made the transaction and sent the coins to the anonymous wallets, Xapo now holds 0.0019 Bitcoin while the recipient address is “34EiJfy4jGF32M37aQ2ZobupwiRQWa1Siy” whose owner has not yet been identified, had become Now the third largest bitcoin whale in the world.

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