Crypto whales are sending XRP and Stellar in massive quantities, inundating whale watchers in the space.
All of the XRP on the move is coming from the crypto exchange Bittrex and ending up on the South Korean cryptocurrency exchange Upbit. So far, 507 million XRP worth $159 million has been transferred.
We tracked 50 transactions of 10 million #XRP each from #Bittrex to #Upbit the past hour. The total value of the transactions was $159,536,070 USD.
— Whale Alert (@whale_alert) February 27, 2019
Meanwhile, a huge amount of Stellar (XLM) is also on the move. A total of 22 separate transactions, each consisting of 10 million XLM, have been sent from Bittrex to an unknown wallet. Each transaction is worth about $867,000.
In total, 727 million XRP and XLM has moved in just the last few hours alone.
Someone is moving massive amounts of XLM, possibly to a cold wallet. This is not a bug.
— Whale Alert (@whale_alert) February 27, 2019
As for the crypto market, prices are mixed at time of publishing, with Bitcoin down 0.32% at $3.839.
Technical analysts are bullish on Bitcoin in the short term, but less hopeful for Ethereum and XRP.
Bitcoin
FXStreet – BTC/USD supported for a big $4000 retest
Live Bitcoin News – BTC at potentially significant turning point
CoinDesk – Short-term outlook remains bullish, with BTC holding above $3,714
Ethereum
Blockonomi – ETH setting up for a break soon
FXStreet – ETH/USD vulnerabilities for price ahead of hard fork
NewsBTC – ETH targets fresh weekly lows below $130
XRP
NewsBTC – XRP turned bearish again, could retest $0.3000
FXStreet – Tug of war continues following the rejection at $0.35
Coinnounce – XRP unable to maintain momentum from Coinbase Pro listing
