A Bitcoin whale’s large transfer moves $377.6M after holdings rise more than nine times

A bitcoin whale’s large transfer moved $377.6 million worth of BTC on Monday, drawing attention to coins held through the March 2020 Covid-19 crash. The holdings had grown more than nine times in dollar value since arriving in the wallet on March 3, 2020. Key takeaways The whale distributed roughly 4,582 BTC across five addresses. The holdings were valued at about $40.8 million when received. The wallet’s first outgoing payment followed more than four years of inactivity. According to CoinDesk, blockchain records from Arkham and mempool.space show that wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x sent the coins.