Tag: Crypto Wallet

Whale Accumulation: THIS New Wallet Moved BTC Worth $118.3M!

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A brand-new wallet has withdrawn 1,398 BTC valued at $118.3 million from the Kraken Exchange. Could this be another institutional buyer? 

 

Bitcoin is signalling a potential mid-term rally and has drawn significant institutional interest as of Q1 2025. As of press time, BTC is trading at $84,460 per CoinMarketCap data. Despite slight price fluctuations, Whale Insider has reported a mysterious wallet accumulating BTC, potentially anticipating a rally soon. According to the X post:

 

Newly created wallet withdraws 1,398 $BTC worth $118.3 million from Kraken exchange.

A look at the on-chain metrics reveals that this is a new wallet with no prior transaction history.

 

Source: X

So, what does this suggest?

As centralized exchange reserves drop due to large withdrawals (potential accumulation), BTC’s scarcity rises. As demand grows, Bitcoin surges as traders anticipate and speculate on future price increases.

While the withdrawal seems like another crypto transfer, timing and scale influence the market behaviour in the crypto space.

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partyushgoyal

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How to Safely Store Your Crypto in 2025- Tips and Red Flags

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If you own any crypto in 2025, safe storage has become more important than ever. While hackers and scammers get smarter, here is how to protect your coins. 

 

Hackers, scammers, and malicious actors are common in the crypto space and have been spreading their wings wider, mainly on social platforms. Whether you are a beginner or a seasoned crypto investor, you could be prone to the ever-evolving hacking threats and scams.

 

So, how do you keep your coins safe?

Using the right wallet: For long-term storage, use hardware wallets like Ledger or Trezor that are offline and hard to hack. For daily usage, apps like MetaMask and Trust Wallet are suitable. However, be careful as they are online and prone to malicious actors.

Protect your Keys: Never share your seed phrase (your wallet backup). You should store it on a well-kept paper or metal away from online platforms. Also, use strong passwords and have 2FA(two-factor authentication on.)

Beware of Red Flags: Avoid phishing emails, unknown airdrops, and fake apps by doing enough research. Likewise, always double-check any wallet addresses and URLs before engaging action.

 

Final Take:

When required to send a large amount of coins, it is advisable to do small test transactions to avoid losing crypto. For large amounts storage, multisig wallets can be considered.

 

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partyushgoyal

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