They are making waves about the price of Bitcoin, the probable movements that a wallet is making that the on-chain analysis company Arkham believes can be linked to the German Government. The wallet associated with the German government made four transactions on June 19 worth over $425 million (6,500 BTC) to the wallet address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and another of 2,500 BTC ($154 million) to its own address .The wallet address received 6,500 BTC and then moved 2,500 BTC to another wallet address, “bc1qq0l4jgg9rcm3puhhfwaz4c9t8hdee8hfz6738z”. This wallet address then moved the newly received funds into four 500 BTC transactions. Two of these transactions were made to the Kraken and Bitstamp crypto exchanges, while the other two were moved to unidentified addresses.
The founder of Tron, Justin Sun, offered in a tweet to buy the German government’s Bitcoin reserves, so as not to negatively affect the market from the shock that could come from the sale on an exchange. This is because Generation Y does not use to find contacts at Embassies to manage business with Governments, but they use social media, which is much more immediate and confidential.
The so-called German government wallet has continued to sell Bitcoin since mid-June. On July 2, the wallet transferred $52 million in BTC, of which 100 BTC was sent to Coinbase, 150 BTC to Bitstamp, and 32.74 to the Kraken exchange. On July 4, the wallet made the outgoing transfer of 1,300 Bitcoins (75 million dollars), again distributed across three major cryptocurrency exchanges: Coinbase, Kraken and Bitstamp.
We don’t know if the next transfer will be in favor of Justin Sun’s wallet. Maybe the social media managers of the German Government will let us know on Facebook.
