951 Bitcoin Worth $109.8M Moved from Coinbase Institutional to New Wallet

951 Bitcoin Worth $109.8M Moved from Coinbase Institutional to New Wallet

A large BTC transfer was detected from Coinbase Institutional to an unidentified newly created wallet address.

BTC

Fact Check
The assessment is primarily based on the single highly authoritative and relevant source provided. The Whale Alert service, with an authority rating of 0.95 and relevance of 0.90, is described as a primary source specializing in the real-time tracking of large cryptocurrency transactions from entities precisely like Coinbase Institutional. The statement's details—a specific Bitcoin amount (951), its dollar value ($109.8 million), the origin (Coinbase Institutional), and destination (a new wallet)—are exactly the type of information this service reports. The other provided sources are irrelevant to the specific transaction in question. The Slovak and Romanian articles discuss a completely different transaction, and the German article and Reddit forum are unrelated to institutional movements. Crucially, none of these other sources contradict the statement. Therefore, with one authoritative source directly aligned with the claim and no conflicting evidence, the statement is very likely to be true.
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Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
  • Coinbase Institutional: A division of Coinbase offering crypto services tailored for institutional investors, including custody and trading solutions.
  • Wallet Address: A unique string of characters used to send and receive cryptocurrency on a blockchain network.