Miners sold $82,5 million worth of bitcoins in five days
The transaction amount was 4400 BTC
07.09.2022 - 10:50
248
2 min
0
What’s new? On September 2, miners transferred 4400 BTC ($82,5 million at the current rate) to the Binance crypto exchange, according to analytics platform QryptoQuant. The transaction came from the Poolin mining pool. This is the fourth-largest transaction from miners to exchanges in the last two months. As of September 7, 10:55 UTC, the first cryptocurrency is trading at $18 757, down by 5,85% in 24 hours.
🚨⛏ MINERS CONTINUE TO SELL"This is already the 4th bigger transaction from miners to exchanges in 2 months time."by @JA_Maartun Read More👇https://t.co/cmD5Mn0Waa— CryptoQuant.com (@cryptoquant_com) September 5, 2022
What happened before? Previous transactions between miners and exchanges:
- May 12: 2600 BTC ($48,7 million);
- June 16: 4700 BTC ($88,1 million);
- June 22: 5700 BTC ($106,9 million).
What is known about Poolin? It is the largest international mining pool, which is owned by Blockin. It supports the mining of a large number of cryptocurrencies, including BTC, ZEC, and LTC. In September, Poolin acknowledged the problem of liquidity shortages. In this, the company’s founder and CEO Kevin Pan said that users’ funds are safe.
On August 29, the number of permanently lost bitcoins exceeded 4,7 million. Since the issue of the first cryptocurrency is algorithmically limited to 21 million coins, the loss of some assets means that the actual circulating supply will never reach a similar mark.
Useful material?
Market
Analysts note that from 2024 to 2030, tokens worth $155 billion will be unlocked
May 17, 2024
Technologies
The new mechanism has already made it possible to calculate over tens of millions of fraudulent addresses
May 16, 2024
Incidents
The amount of damage amounted to $25 million in cryptocurrencies
May 16, 2024
Market
FTX customers will be compensated in cash, unlike Mt. Gox and Gemini customers who will receive cryptocurrencies
May 16, 2024
Technologies
It is available to crypto wallet users worldwide as an additional feature
May 15, 2024
Market
The ex-official known for his initiatives to explore the potential of blockchain in the financial system has joined the board of directors of a fintech company
May 14, 2024