A “big japanese trader” seems to plan sell 16 thousands of bitcoins and buy bitcoin cash, in a movement that can scary cryptotrader community – Mr. Gox might have second intentions with that decision.
Speculation is expanding that the trustees for the now-defunct Mt. Gox cryptocurrency exchange are obtaining set for one more substantial bitcoin sale.
On April 26, a web site that tracks the Mt. Gox cryptocurrency wallets indicated that the trust had shifted a sizable portion of bitcoins and Bitcoin Cash from its wallet, which led a lot of to speculate that Nobuaki Kobayashi, the head attorney for the Mt. Gox trust who’s been dubbed the “Tokyo whale,” is set to unload another large amount of the recovered coins.
“Some within the [cryptocurrency] neighborhood have been a little worried in regards to the current movement of bitcoin out in the Mt. Gox settlement wallets,” wrote Mati Greenspan, senior marketplace analyst at etoro.
“Indeed, it seems that Kobayashi has moved about 16,000 BTC out of cold storage, which could indicate that he’s preparing to sell them around the open market place,” Greenspan mentioned.