Although 2020 is well underway, many Bitcoin, Ethereum and XRP whales appear to be on vacation.
Services that monitor large cryptocurrency transactions have reported relatively few large transfers in the new decade – with the exception of a massive movement that hit traders’ radar on Friday.
The on-chain intelligence platform Token Analyst is reporting a movement of 4,999.9992 BTC worth $39.6 million, which was sent to the crypto exchange Poloniex in a single transfer. So far, the firm says it has not been able to track down whether the movement is linked to a trader who may be looking to sell or if Poloniex is moving customer funds.
The biggest holders of Ethereum and XRP have remained practically silent so far this year, with two notable exceptions.
A crypto thief who stole approximately $49 million in ETH from South Korean exchange Upbit in November continues to move funds to unknown wallets, according to Whale Alert.
Meanwhile, Ripple recently sent a total of 900,000,000 XRP back into escrow, which suggests the company may have sold about 100,000,000 XRP in December.
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.
Featured Image: Shutterstock/Lillac