Bitcoin Whale Takes BTC Out of Exchanges
Bitcoin whales withdrew $240 million worth of bitcoin from exchanges on May 6, 2023, during a period of market volatility. During that time, the Bitcoin market was highly volatile.
According to price charts from CoinGecko, over the past day, Bitcoin prices have plummeted from $29,200-$29,300 to a low of $28,484.94, a drop below $716 within three hours, before gradual climbing. Trading between $28,800, Bitcoin is currently trading at $28,894.26, down -1.2% over the past 24 hours.
Recently, the crypto market has become particularly engrossed in the meme coin trend, especially in the United States. The meme coin that is trending right now is inevitably PEPE. It is a token based on the cartoon. In the last 7 days, PEPE token has surged 495.5%, trading at $0.00000280.
It’s unclear why the Bitcoin whale moved BTC off the exchange this time. But the community expects it to be kept in a safe place during this volatile market.
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