Yesterday someone really taken big risk and trasfered his money to other wallet dont know who can do it or its legal money transfer or not
here is its blockchain track link
https://www.blockchain.com/en/btc/address/12YygZpCEC8VED2oSMQdWCq5xBnHo9ts1Zcause its not a small amount its 298 M $ transferred almost
what u think its legal transaction money used for legal use or some fishy thing !
I think such transactions are used for large market manipulations. With this amount you can easily do what you need with the market. Probably the big players do not sit and hoard these bitcoins, but actually use them to increase their funds for other purposes. We can only guess what is actually happening there. In general, it is useful to keep track of large transactions; you can predict a lot from such information.