Whales are transferring over $730,000,000 in Bitcoin, Ethereum and XRP – here are the details
New data provided by Whale Alert reveals that high-net-worth traders are suddenly carrying over $730 million in Bitcoin (BTC), Ethereum (ETH) and XRP, the majority of them logging in or out of leading crypto exchanges such as Binance, Coinbase and Kraken.
Crypto investors with deep wallets are moving hundreds of millions of dollars worth of digital assets to centralized crypto exchange platforms when king crypto drops below $26,000.
New data provided by Whale Alert reveals that high-net-worth traders are suddenly carrying over $730 million in Bitcoin (BTC), Ethereum (ETH) and XRP, the majority of them logging in or out of leading crypto exchanges such as Binance, Coinbase and Kraken.
The BTC transactions that Whale Alert tracks include a total of approximately $458 million:
2,881 BTC worth 76,006,587 transferred from an unknown wallet to Coinbase. 799 BTC worth 20,799,168 transferred to Binance from an unknown wallet. 2,898 BTC worth 75,364,882 transferred from an unknown wallet to Coinbase. 4,000 BTC worth $104,004,357 transferred from one unknown wallet to another unknown wallet. 4,000 BTC worth $104,057,443 transferred from an unknown wallet to Bitfinex. 1,500 BTC worth $39,022,239 transferred from Bitfinex to Kraken. 1,499 BTC worth $39,049,631 transferred from Kraken to an unknown wallet. At the time of writing, Bitcoin is trading at $25.851, down 4.8% in the last 24 hours.
Moving to XRP, Whale Alert sees about $240 million in movement regarding the digital asset associated with Ripple Labs’ payments platform. XRP transactions that Whale Alert tracks include:
29,600,000 XRP worth $15,135,963 transferred from an unknown wallet to Bitstamp. 19,920,318 XRP worth $10,167,904 transferred from an unknown wallet to Binance. 424,354,912 XRP worth $214,293,666 were transferred from one unknown wallet to another unknown wallet. At the time of writing, XRP is trading at $0.50, down 2.89% in the last 24 hours.
Finally, Whale Alert finds that an ETH whale has suddenly transferred 21,240 ETH worth $34,965,976 from an unknown wallet to Coinbase.
Ethereum is trading at $1,631 at the time of writing, down 3% on the day.