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.

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

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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.

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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. 

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