Some crypto wallets seem to have taken advantage of the crisis, following the sudden drop in Bitcoin and the overall cryptocurrency market Thursday night.
To remind you, in a claim made by the Wall Street Journal on Thursday night, it was mentioned that Elon Musk's SpaceX company, which did not publish an earnings report because it is a private company, was selling Bitcoin. This claim has not been confirmed by Musk or company officials.
Then, the news that Chinese real estate giant Evergrande filed for bankruptcy in the USA was reported from the sources. With two developments, a sudden decrease occurred in BTC and it was reached from $ 28,000 to 25,000.
Interestingly, a large cryptocurrency whale may have benefited from the drop, according to the data. Whale wallet sent exactly $67 million in the form of USDC and USDT to crypto exchanges Binance and OKX right after the market crashed.
Whale wallet apparently bought 17,901 Ethereum with $30 million of that and pulled it into its cold wallet. The remaining $37 million is still in the wallet's crypto money accounts, according to the latest data.
*Not investment advice.