Bitcoin and Ethereum Whales Move $231,000,000 in Crypto As Ripple Shifts 37,000,000 XRP From Genesis Wallet

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Crypto whales are surfacing in big numbers, moving hundreds of millions of dollars in Bitcoin and Ethereum while BTC hovers around the $11,400 mark.

In the last 24 hours, the crypto whale watching bot Whale Alert tracked 11 large transactions to the tune of 15,006 BTC, worth about $231.63 million at time of writing.

Three transfers sent 4,600 BTC worth $51.65 million from crypto exchanges to wallets of unknown origins, suggesting that the owners may be accumulating the top cryptocurrency.

Two transfers moved 2,300 BTC worth $25.7 million from wallets of unknown origins to crypto exchanges Binance and OKEx, where it could potentially be sold in the open market.

Two transfers sent 1,925 BTC worth $21.36 million from unknown wallets to crypto custody platforms.

The remaining four transactions involve moving crypto from Coinbase to Binance, from a crypto custody platform to an exchange, from a crypto exchange to a crypto custody platform, and from a crypto custody platform to an unknown wallet.

  • 1,715 BTC worth $19.4 million sent from Binance to Xapo
  • 2,466 BTC worth $27.9 million sent from Xapo to unknown wallet
  • 1,075 BTC worth $12.1 million sent from Binance to unknown wallet
  • 1,000 BTC worth $11.2 million sent from Coinbase to Binance
  • 1,400 BTC worth $15.7 million sent from unknown wallet to OKEx
  • 1,000 BTC worth $11.1 million transferred from Xapo to Binance
  • 1,025 BTC worth $11.4 million transferred from unknown wallet to Xapo
  • 900 BTC worth $10.0 million transferred from unknown wallet to Binance 
  • 1025 BTC worth $11.4 million transferred from Binance to unknown wallet
  • 2,500 BTC worth $27.9 million transferred from Bitstamp to unknown wallet
  • 900 BTC worth $9.9 million transferred from unknown wallet to Xapo

Meanwhile, one Ethereum whale transferred 119,540 ETH worth $41.1 million between wallets of unknown origins. Another Ethereum transaction sent 65,000 ETH worth $22.1 million from decentralized finance platform Nexo to an unknown wallet.

Crypto traders are also following a transaction of 37.5 million XRP worth $9.4 million from the Ripple Genesis wallet to a wallet of unknown origin.

37,500,000 #XRP (9,444,001 USD) transferred from Ripple Genesis wallet to unknown wallet

Tx: https://t.co/i8DPAEwXMA

— Whale Alert (@whale_alert) July 31, 2020

While there’s a lot of movement from BTC whales in the last 24 hours, crypto analysis firm Glassnode says most investors are holding onto their Bitcoin as the leading cryptocurrency pushes above $11,000.

“Despite BTC‘s recent surge to $11,000, there are currently no signs of weak hands from long-term investors. Bitcoin. Hodler Net Position Change remains positive since the end of March, with hodlers currently accumulating more than 50,000 BTC each month.”

Source: Glassnode/Twitter

Featured Image: Shutterstock/CYC

   

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