Bitcoin Whales Move 11,407 BTC Worth $116 Million As Ripple Appears to Sell More XRP

‎‎‎ ‏‏‎

After a brief drought, Bitcoin whales are suddenly surfacing en masse.

In the last 24 hours, whales have moved 11,407 BTC worth $116 million. The largest single transaction sent 7,800 BTC worth $79.6 million between two wallets of unknown origin.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,800 #BTC (79,622,090 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/fSLRumYCuE

— Whale Alert (@whale_alert) September 18, 2019

The movement may have been an over-the-counter (OTC) sale or a shift from one wallet to another for security purposes.

Here’s a look at the biggest Bitcoin transactions in the last 24 hours. Only one involved BTC moving from an unknown wallet to a crypto exchange. That user sent 606 BTC worth $6.2 million from an unknown wallet to the leading US crypto exchange Coinbase.

• 500 BTC worth $5.0 million transferred from Coinbase to unknown wallet
• 7,800 BTC worth $79.6 million transferred from unknown wallet to unknown wallet
• 1,500 BTC worth $15.2 million transferred from OKEx to Coinbase
• 606 BTC worth $6.2 million transferred from unknown wallet to OKEx
• 1,001 BTC worth $10.2 million transferred from OKEx to unknown wallet

Meanwhile, Ripple appears to have sold more XRP to a third party.

The company sent 11,000,000 XRP worth $3.2 million from its over-the-counter (OTC) distribution wallet – which it uses to sell portions of its holdings – to an unknown wallet.

11,000,000 #XRP (3,273,770 USD) transferred from Ripple OTC Distribution wallet to unknown wallet

Tx: https://t.co/u3tOCNBhMD

— Whale Alert (@whale_alert) September 19, 2019

The transfer comes a day after Ripple sent 10,000,000 XRP worth $2.8 million from the OTC wallet to a wallet of unknown origin. 

Follow us on Facebook            Join us on Telegram            Follow us on Twitter

Check Latest News Headlines

ADVERTISEMENT

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.