Bitcoin and XRP whales abruptly move over $650,000,000 worth of crypto in just 24 hours
Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC) and XRP as markets trade sideways.
According to new data from the whale research platform Whale Alert, crypto-whales have had a sudden moved over 500 million of the top crypto assets by market cap in just 24 hours, the largest transaction being 6,582 BTC worth $182,629,202 transferred from one unknown wallet to another.
Other transactions involving the royal crypt on Whale Alert’s radar include:
- 5,000 BTC worth $141,189,856 transferred from one unknown crypto wallet to another.
- 3,999 BTC worth $112,874,776 transferred from one unknown crypto wallet to another.
- 2,001 BTC worth $56,883,243 transferred from crypto exchange Gemini to an unknown wallet.
- 1,098 BTC worth $30,517,472 transferred from an unknown wallet to crypto exchange Kraken.
- 1,032 BTC worth $29,153,880 transferred from digital asset exchange Crypto.com to an unknown wallet.
- 1,001 BTC worth $28,455,835 transferred from crypto exchange Gemini to an unknown wallet.
Bitcoin is trading at $27,878 at the time of writing, down 1.3% over the past 24 hours.
The whale-tracking platform also notes that high-network traders are moving XRP, the original asset used to power Ripple Labs’ payment platform. A crypto whale moved a staggering 100,000,000 XRP, worth $53,439,878 at the time, from one unknown wallet to another.
Other notable transactions involving XRP noticed by Whale Alert include:
- 95,000,000 XRP worth $51,699,751 transferred from one unknown crypto wallet to another.
- 31,723,527 XRP worth $17,098,354 transferred from crypto exchange Bitstamp to an unknown wallet.
- 19,000,000 XRP worth $10,198,480 transferred from an unknown wallet to the crypto exchange Bitstamp.
XRP is trading at $0.536 at the time of writing, down 2.7% in the last day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Jovanovic Dejan
