New Bitcoin "whales" (investors who hold large amounts of Bitcoin) appear to be hoarding Bitcoin in anticipation of former US President Donald Trump's victory in the 2024 election. Eleven newly created Bitcoin wallets have withdrawn 1,807 Bitcoins worth $132 million from the Binance exchange in the past few hours, according to data monitored by on-chain intelligence platform Lookonchain.
Whales are accumulating $BTC!11 fresh wallets withdrew 1,807 $BTC($132M) from#Binancein the past hour.Address:bc1qp8ahkl9g28grz4f44ljs2ukjccx6q5yxez7nt4bc1q76yr34th8ngnxj0pjs9d9vtxrtlyu07y3lsspjbc1q2vw84cghpyg463g8w4uz734uxl7wstvsemgcec… pic.twitter.com/ZpP2qhXiHT
— Lookonchain (@lookonchain) November 6, 2024
Although the counting process has not yet ended, the Associated Press reported that Trump has been elected as the 47th President of the United States. He currently has 277 electoral votes, while Harris Harris received 224 votes. Earlier today, Trump announced his election on his own at the Palm Beach Convention Center in Florida and told supporters: "The United States has given us an unprecedentedly powerful mandate."
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