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The Fifth Richest Bitcoin Address Has Made an Extremely Radical Transaction!
The 37X address, the world's fifth-largest Bitcoin wallet according to Onchain data, has made an interesting move.
37X is the 5th richest known as the 5. The Bitcoin address has transferred a staggering $6 billion worth of Bitcoin (BTC) to three new addresses.
The transaction took place in the early hours of Saturday, March 23. The 37X address moved almost all of its balance of 94,500 BTC, amounting to $6.05 billion, leaving behind only a small amount of 1.4 BTC.
Interestingly, 94,500 BTC has been sitting idle at 37X address since it was received in 2019. The sudden movement of such a large amount has sparked speculation and curiosity among cryptocurrency enthusiasts.
The majority of the funds, $5.03 billion in BTC, were sent to bc1q8yj. The remaining balance was split between bc1q6m5 and bc1q592, two other addresses that received $561.46 million and $488.40 million in BTC, respectively. Notably, the funds in bc1q592 have since been transferred further, adding another layer of mystery to the incident.
Following the transaction, the balance of the 37X address dropped to just $92,596.52. At its peak, this address contained BTC worth approximately $7 billion. The address may belong to an institutional investor or fund. #ContentStar #HotTopicDiscussion