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Lookonchain: Whale "bc1qgf" Amasses 1,521 BTC from FalconX in a Month

Onchain tracking shows whale address bc1qgf has accumulated over 1,700 BTC from FalconX in the past month, with a $22.72 million purchase made just hours ago.

BTC

Summary

Lookonchain data reveals that whale address bc1qgf purchased 200 BTC worth $22.72 million five hours ago. Over the past month, the address has acquired a total of 1,721 BTC, approximately $196 million in value, all sourced from FalconX. This marks a continued trend of significant accumulation by large Bitcoin holders.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
  • Whale: A market participant holding a large amount of a crypto asset, whose transactions can influence market liquidity and price.
  • Blockchain address: An alphanumeric identifier used to send and receive cryptocurrencies on a blockchain network.