November 30, 2020

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Whales are moving Bitcoin and XRP again

2 min read
Whales are moving Bitcoin and XRP again

 

As the Bitcoin (BTC) price rises to $ 10,000, crypto retailers are watching the whale movements associated with this leading cryptocurrency by market capitalization.

 

Bitcoin transfers

On January 30, 2020, one of the major bitcoin holders moved a total of 2,000 BTC worth approximately $ 18.6 million to the Binance cryptoexchange. There could be a potential sale or exchange for altcoins. This move was pointed out by the @whale_alert twitter account.

  

Whales are moving Bitcoin and XRP again

 

The amount of 2,000 BTC is only a fraction of what is on the whale wallet. 4,053 BTC remained after this amount was shipped. On 31 January 2020, another 675 BTCs were transferred to this wallet in two transactions.

  

The price of Bitcoin is rising steadily and is worth $ 9,426 at the time of writing. The rest of the cryptomarket follows Bitcoin, with Ethereum (ETH) at $ 191, XRP at $ 0.25, and Bitcoin Cash (BCH) at $ 384.

 

XRP transfers

The XRP crypto currency community follows the large movements of this asset that are directly related to the South Korean Bithumb cryptoexchange.

 

On January 29, 2020, a total of 250,000,000 XRPs worth around $ 60 million left the well-known purse owned by the Bithumb cryptoexchange. This amount was transferred in two separate transactions and the entire amount was transferred to a separate wallet that was activated by the exchange. 100 million XRPs were sent in the first transaction.

 

Whales are moving Bitcoin and XRP again

  

In the second transaction, the remaining 150 million XRPs were sent.

 

Whales are moving Bitcoin and XRP again

 

Summary

 

These movements may be related to the transfer of funds to the Bithumb cryptoexchange itself, or to the sale of XRP to one of the institutional players on its exchange.

Similar movements occurred throughout January. In six transactions, the Bithumb cryptoexchange moved a total of 212,000,000 XRPs worth over $ 49 million from the same wallet.

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