Crypto whales are especially active this week amid substantial swings in the price of Bitcoin.
Whale watchers spotted two massive transfers worth more than a half a billion dollars on Thursday, as 350,000 Ethereum (ETH) suddenly made its way to the US crypto exchange Bittrex. At the same time, 130,005 Bitcoin (BTC) left Bittrex and moved to an unknown wallet.
🚨 🚨 🚨 🚨 350,000 #ETH (44,943,752 USD) transferred from Unknown wallet to #Bittrex
— Whale Alert (@whale_alert) January 11, 2019
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 130,005 #BTC (478,388,153 USD) transferred from #Bittrex to Unknown wallet
— Whale Alert (@whale_alert) January 11, 2019
As speculation on the big transfers grew, Bittrex released a statement confirming they were the big fish, saying there is no need to be concerned about a potential hack or impending sell-off.
“We are in the process of reorganizing and expanding out cold storage, resulting in moving funds between our cold wallets. There is no need to be worried.”
Bitcoin
The biggest Bitcoin transfers in the past week total more than $62 million. Two of those four transfers were from unknown wallets to crypto exchange Bitfinex, indicating a seller could be looking to offload the BTC.
🚨 3,500 #BTC (14,138,031 USD) transferred from Unknown wallet to #Bitfinex
— Whale Alert (@whale_alert) January 9, 2019
🚨 4,500 #BTC (18,116,527 USD) transferred from Unknown wallet to #Bitfinex
— Whale Alert (@whale_alert) January 7, 2019
🚨 2,519 #BTC (10,182,687 USD) transferred from #Bitstamp to Unknown wallet
— Whale Alert (@whale_alert) January 7, 2019
🚨 🚨 5,000 #BTC (20,162,829 USD) transferred from #Coinbase to #Bittrex
— Whale Alert (@whale_alert) January 7, 2019
XRP
XRP has been relatively quiet after Ripple sent a series of huge crypto transfers totaling more than $755 million.
In the past seven days, the most notable transaction was 28,966,450 XRP, worth $10.6 million, moving from one unknown wallet to another.
🚨 28,966,450 #XRP (10,650,876 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) January 7, 2019
Ethereum
Ethereum had the highest number of significant transfers in the course of the last week. A total of 12 separate crypto transfers totaling more than $169 million moved around the crypto-verse.
Most of the transfers were moved off of the crypto exchange Bitfinex to unknown wallets. Bitfinex has not confirmed whether it is the whale in question or if the transfers came from its customers.
🚨 28,966,450 #XRP (10,650,876 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) January 7, 2019
🚨 110,000 #ETH (17,220,401 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) January 7, 2019
🚨 110,000 #ETH (17,201,138 USD) transferred from Unknown wallet to #Bitfinex
— Whale Alert (@whale_alert) January 7, 2019
🚨 98,000 #ETH (15,408,068 USD) transferred from Unknown wallet to #Kraken
— Whale Alert (@whale_alert) January 6, 2019
🚨 98,000 #ETH (15,439,295 USD) transferred from Unknown wallet to Unknown wallet
— Whale Alert (@whale_alert) January 6, 2019
🚨 76,212 #ETH (11,953,596 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 77,736 #ETH (12,198,705 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 87,085 #ETH (13,665,797 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 98,014 #ETH (15,380,804 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 102,591 #ETH (16,099,036 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 112,419 #ETH (17,641,413 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
🚨 115,304 #ETH (18,094,118 USD) transferred from #Bitfinex to Unknown wallet
— Whale Alert (@whale_alert) January 5, 2019
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