Whales Accumulate 510 BTC: FalconX Sees $59 Million Spike in Major Bitcoin Acquisitions

On August 19, COINOTAG News reported significant movements in the cryptocurrency market as two prominent whales made substantial acquisitions of Bitcoin. According to data from Onchain Lens, one whale, identified as bc1qgf, purchased 300 BTC valued at approximately $34.71 million. Notably, this entity has amassed a total of 1,521 BTC over the past month, amounting to an impressive $176.27 million. Meanwhile, another whale, known as bc1qgz, added 210 BTC to its holdings for around $24.30 million. In just the last 10 days, this whale has reinforced its position by acquiring 466.66 BTC, equivalent to $54.07 million. These substantial transactions highlight the ongoing interest from large investors in the still volatile crypto market, indicative of potential trends and movements within the industry.