Whales are moving Bitcoin and XRP again
2 min read
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.
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.
In the second transaction, the remaining 150 million XRPs were sent.
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.
