Bitcoin – This week on Whale Watching sees Bitcoin dominating once again and also features a huge $128 million EOS transaction.
Bitcoin continued to dominate whale moves this week, following last weeks all-out domination of whale watching. Bitcoin has managed to claim 4 of the top 5 spots this week as volatility continued across the market.
The recent BTC price movement means whales have been extremely active this week. The only other project to make the list was EOS who takes fourth spot.
Whale Watching: $700m in BTC moved this week
Millions of transactions are made each day using blockchain technology and this number is growing fast. The increasing popularity of crypto technology has caused a surge in blockchains, each with their unique approach towards transactions and privacy. Transactions are made directly between sender and receiver, at very low cost, anonymous and without oversight. Whale Alert track these transactions made on various blockchains, convert them into a single standard format and store them in databases.