Bitcoins, the world's largest and most valuable cryptocurrency, have been transferred from a mysterious crypto wallet to an anonymous wallet worth about $1 billion. Between two anonymous wallets, at least 15 Bitcoins were transferred. Crypto whales are accounts that possess enormous amounts of cryptocurrency and have the capacity to affect or even manipulate the value of the cryptocurrency.
According to Blokchain.com, the total value of Bitcoin transferred from one account to another is $993,191,088. (roughly Rs. 7,395 crore). 1 Bitcoin is currently selling for $59,953.290, down from an all-time high of $67,582.60 just over a week ago.
"On November 15, 2021, this transaction was broadcast to the Bitcoin network for the first time. This transaction sent 15,078.20768150 BTC with a value of $991,820,563.67 at the time (roughly Rs. 7,385 crore). "The transaction's current value is $912,564,189.99 (approximately Rs. 6,794 crore)," according to Blockchain.com.
However, this isn't the first time such deals have been documented. Nearly $1 billion in Bitcoin was also transferred out of a secret wallet earlier in 2020.
The actual aim of the transfer is unknown at this time; but, if such a large sum of money is sold all at once, it could cause Bitcoin prices to plummet, at least in the short term. According to Benzinga, it only takes $15 million (approximately Rs 111 crores) to $30 million (about Rs 223 crores) of sell pressure to drive the price of Bitcoin down 2% on any cryptocurrency exchange.
At the time of writing, no information on the owners of these wallets was available. According to a research by Glassnode, there are 522,952 Bitcoin wallets worth over $100,000 (approximately Rs. 75 lakh) that are perfectly capable of manipulating market behaviour.
In the meantime, cryptocurrencies plummeted on Tuesday, with Bitcoin approaching $60,000 and Ether hitting one of its lowest levels this month. Bitcoin, the most valuable digital asset, was down 4% to $61,400. According to cryptocurrency tracker CoinGecko, the global crypto market cap has decreased 7% in the last 24 hours to $2.8 trillion.
Top 5 Metaverse tokens with a market capitalization of less than $10 million
Traders might make money by investing in cryptocurrency with a low market capitalization. They're dirt cheap and have a lot of upside potential.
Join us as we look at the top five metaverse tokens with a market capitalization of less than $10 million.
1. Mist
Market Cap: $3.37 million
Price: $0.060
In April 2021, Mist, a blockchain-based role-playing game (RPG), was released. The Binance Smart Chain powers it, and it has its own native NFT foundation.
2. Polkacity (POLC)
Market Cap: $4.4 million
Price: $0.51
Polkacity is a contract-based metaverse that allows users to invest in digital assets and earn bitcoin. It was launched in February 2021.
3. Metastrike (MTS)
Market Cap: $4.9 million
Price: $0.328
Metastrike is a first-person shooting (FPS) game powered by blockchain and Virtual Reality (VR). It includes NFTs into the gameplay and gives users ultimate control over their digital assets.
4. Defina Finance (FINA)
Market Cap: $7.6 million
Price: $1.04
This project, which was launched in October 2021 on the Binance Smart Chain, merged decentralised finance (DeFi) with the NFT ecosystem.
5. Heroes Chained (HEC)
Market Cap: $9.5 million
Price: $3.06
Heroes Chained is an Avalanche-powered real-time fantasy action RPG that will be released in January 2022.
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