Whales Move $440,000,000 in Bitcoin and XRP as Market Volatility Returns – Here’s Where Crypto Is Going

Crypto whales are moving more than $440 million worth of Bitcoin (BTC) and XRP this week as digital assets continue to battle through a bear market.

One of the largest transactions involved an unknown wallet sending 9,250 BTC worth more than $157.4 million to two separate unknown wallets on Monday morning, according to data from blockchain tracking platform Whale Alert.

The transaction reportedly cost just $1.42 worth of Bitcoin.

On the XRP side, Whale Alert reports that an unknown wallet sent 188.5 million XRP worth more than $72.8 million to another unknown wallet on Monday afternoon. XRP Ledger explorer Bithomp reports that the transaction cost $0.000015 XRP, which is worth just $0.000006.

Other notable recent Bitcoin and XRP transfers from high net worth traders on Whale Alert’s radar include:

• 2,143 BTC worth more than $36.7 million transferred from an unknown wallet to the crypto exchange Coinbase
• 2,593 BTC worth more than $44.5 million transferred from an unknown wallet to Coinbase
• 2,589 BTC worth more than $44.4 million transferred from an unknown wallet to Coinbase
• 3,629 BTC worth more than $62.3 million transferred from Coinbase to an unknown wallet
• 38,893,182 XRP worth more than $14.4 million transferred from crypto exchange Binance to an unknown wallet
• 28,000,000 XRP worth more than $10.9 million transferred from an unknown wallet to crypto exchange Bitstamp
• 40,000,000 XRP worth more than $15.5 million transferred from an unknown wallet to Bitstamp
• 30,000,000 XRP worth more than $11.6 million transferred from unknown wallet to crypto exchange Bitso
• 37,371,039 XRP worth more than $14.1 million transferred from Binance to an unknown wallet

Bitcoin is trading at $17,780 at the time of writing. The top-ranked crypto asset by market capitalization has gained more than 3.5% in the past day.

XRP is trading at $0.394 at the time of writing. The sixth-ranked crypto asset by market capitalization has risen nearly 2.3% in the past 24 hours.

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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/Lidiia