Crypto whales are on the move after a jam-packed week of deep debates, intense reactions and a looming investigation.
From President Donald Trump’s anti-crypto tweet to Treasury Secretary Steven Mnuchin’s crypto warnings to two congressional hearings on Facebook’s Libra to China’s milestone decision to protect Bitcoin as legal virtual property to a breaking BitMEX investigation, the cryptosphere has ignited sweeping conversations on the national and international stages about the future of Bitcoin and its crypto cousins.
In the past 10 hours, some of Bitcoin’s biggest holders have moved 47,722 BTC worth about $494.8 million. The largest transaction, worth $225.3 million, transferred over 21,000 BTC from one unknown wallet to another.
Of the eight largest Bitcoin transactions, two involve cryptocurrency being moved onto an exchange, which indicates traders may be looking to sell as much as 1,886 BTC worth $19.2 million.
Whales moved over 561,000,033 XRP worth roughly $177.5 million.