Bitcoin price plunge: Was the $2 billion Bitcoin whale behind the selloff?3 min read 14 Sep 2018, 10:04 AM IST
Speculations have been swirling after bitcoin plunged as much as 15% over two days last week
London: When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged - where else? - on the Internet: a whale was on the move. Speculation mounted that a major holder of cryptocurrency with an electronic wallet that dated back to 2011 - long before anyone had heard of HODL - was moving to sell. His or her wallet had once had as many as 111,114 Bitcoins, which at their peak would have been worth about $2 billion. The rumors that began two weeks ago were that this whale - as big holders are known - was looking to cash out after this year’s plunge in prices.
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