ALERT: Over $1 Billion in BTC Transferred to an Unknown Wallet

Whale Alert is a live tracker for major cryptocurrencies that alerts the public if any large transaction have been made. It’s mostly used as an alert of a potential market action or a whale entering / exiting a position.

Whale Alert’s twitter account recently posted an alert showing a transaction transferring 94,504 BTC, that’s over $1 billion in Bitcoin at current prices.

Surprisingly, the fee for the transaction was a 0.001 BTC – a mere $10.

Looking up the transaction on, we can see the 94,000 BTC were sent from 15 different wallets to a single address.

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Moreover, the address that the coins were sent to had a previous transaction (3 minutes earlier) of 0.1 BTC, which was obviously sent as a test. Following the 94k+ deposit, there are two more deposits of 1 BTC and 0.6 BTC.

What does this all mean? 

We can only speculate as to what this means. Once scenario could be a whale that’s transferring his bitcoins to an exchange. If that’s the case, then sooner or later we will see those coins hit an exchange wallet. If that happens, then chaos will ensue.

Another scenario could be a simple transfer between wallets. Given that a test deposit has been made prior, it’s clear that the transfer was intended.

It’s definitely good to set an alert on that address 37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs and see if any large transactions come out of it.

What do you think this means? Let us know.


Mark is a 24 year old cryptocurrency entrepreneur. He was introduced to Bitcoin in 2013 and has been involved with it ever since. He used to mine bitcoins and altcoins but now focuses on blogging and educating others about digital currencies.

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