Whales carried around $1.74 billion worth of Bitcoin (BTC) and Ethereum (ETH) in 14 transactions after the massive correction in the crypto market over the weekend. In the largest transaction, an unknown wallet sent 15,073.45 BTC worth $737.4 million to a second unknown wallet on Sunday, according to crypto tracker Whale Alert. On the other hand, 80 million XRP was transferred within an hour. A large number of XRP tokens were transferred from the official wallet of the project to the exchange. Detail cryptocoin.com‘in.
Whale movements in Bitcoin, ETH and XRP
As we mentioned above, in the largest transaction, an unknown wallet sent $737.4 million worth of 15,073.45 BTC to a second unknown wallet on Sunday, according to crypto tracker Whale Alert. Bitcoin then moved seven more times before reaching its final destination. According to BitInfoCharts, the eighth and final receiving wallet is currently the 51st richest Bitcoin address in the world. In another major transaction, a crypto investor swiped 10,000 BTC worth $482 million from global crypto exchange Binance to an unknown wallet.
Other major Bitcoin transactions in the last 48 hours involve moving BTC between a crypto exchange and wallets of unknown origin. A transfer moved Bitcoin from an unknown wallet to a crypto custodian. Here is the summary of BTC movements on Sunday and Monday:
– 2,030 BTC worth more than $99.30 million sent to Xapo from an unknown wallet.
-More than $45.44 million 922.44 BTC sent to Coinbase from an unknown wallet.
– 2,713.89 BTC worth more than $132 million sent from Coinbase to an unknown wallet.
Ethereum whales also came to life as the crypto markets recovered from the pullback. In the past two days, eight transactions have resulted in tens of thousands of ETH shifting from crypto exchanges to unknown wallets. Here is a brief summary of the biggest ETH transactions in the last two days:
– 11999.99 ETH worth approximately $50.60 million sent from Binance to an unknown wallet
– 2,493 ETH worth more than $10.38 million sent from OKEx to an unknown wallet
-3,000 ETH worth $12.57 million sent from Gemini to an unknown wallet
– 2,489 ETH worth more than $10.25 million sent from OKEx to an unknown wallet
– 3,489 ETH worth more than $14.49 million sent from OKEx to an unknown wallet
– 3,121 ETH worth $12.95 million sent from Huobi to an unknown wallet
– 4,000 ETH worth more than $16.37 million sent to Binance from an unknown wallet
– 24,000 ETH worth more than $100.29 million sent from Gemini to an unknown wallet
3,500 ETH worth more than $14.61 million sent from Gemini to an unknown wallet
Large number of XRP tokens transferred
On the other hand, 80 million XRP was transferred within an hour. A large number of XRP tokens were transferred from the official wallet of the project to the exchange. A number of major Ripple cryptocurrency transactions appeared on the blockchain prior to the cryptocurrency market recovery. The total value of the transferred funds equates to approximately $76 million. 15 hours ago, three transactions appeared on the blockchain just before the crypto market rally began. At that time, XRP was trading at $0.80 without any significant movement in the market. The first transaction of 40 million XRP was made from the official Ripple account to an unknown wallet that currently holds 30 million tokens. The traded coins did not sit in the wallet for long and were transferred almost instantly to another anonymous wallet, and then the funds were sent to a centralized exchange.
Community members acknowledge that Ripple uses two unknown wallets to sell their assets on the exchange without a direct transaction to the exchange address. The transaction of the official account is done with the help of two unknown wallets, while the next transaction is less suspicious and more direct. The unnamed whale transferred 20 million tokens to the Bitso exchange 15 hours ago and received almost the same amount back just an hour later. According to the fund movement, this person, for whatever reason, transferred 20 million coins to the central exchange, left 1.8 million coins in the exchange’s hot wallet, and transferred 18.2 million coins back to his own wallet. The reason behind this unusual funding move was not disclosed. The cryptocurrencies themselves did not react to large fund movements with high volatility and remained within the same trading range.
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