$878,917,974 Bitcoin Stun Largest US Crypto Exchange, Coinbase

Whale Alert Tracks Significant Bitcoin Transactions on Coinbase

Whale Alert, a leading blockchain tracking service, has identified multiple large Bitcoin transactions involving Coinbase, one of the largest U.S.-based cryptocurrency exchanges. These transfers demonstrate the ongoing activity of major investors—commonly referred to as "whales"—in the dynamic digital asset market.

Key Transactions Detected

The first notable transaction involved the transfer of 619 BTC (worth approximately $68.1 million at the time) from an unidentified wallet to Coinbase Institutional, the exchange's platform for institutional investors. This movement occurred while Bitcoin was trading near $109,590, just below its recent high of $110,000.

Shortly afterward, Whale Alert detected an even larger transaction—8,022 BTC (valued at nearly $879 million) being withdrawn from Coinbase and sent to an anonymous wallet. This suggests a potential strategic shift by high-net-worth investors or institutions.

Transaction Breakdown

Whale Alert's analysis revealed that the 8,022 BTC transfer consisted of multiple smaller transactions, each containing roughly 200 BTC, all routed to the same destination wallet.

These substantial Bitcoin movements highlight the influence of major investors in the cryptocurrency space, often serving as indicators of changing market strategies among key players.