The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

$1,400,000,000 in Bitcoin (BTC) on the Move As Ripple Sends $10 Million in XRP to Co-Founder Jed McCaleb

by Daily Hodl Staff
March 7, 2020
in Bitcoin, Ripple and XRP

A transfer of $1.4 billion worth of Bitcoin (BTC) is turning heads among crypto whale watchers.

The transaction was identified by ByteTree’s Bitcoin tracking terminal and posted on Reddit, where crypto enthusiasts speculated on the nature of the transfer.

Although some Reddit users are concerned that the move implies that a whale is gearing up to rock the market by cashing out, the transfer could also be a crypto exchange moving its assets around for security purposes. The addresses of both the sending wallet and the receiving wallet are unknown at time of publishing.

Crypto traders are also tracking a number of XRP transactions. The largest is a transfer of nearly 86 million XRP worth about $20.6 million. The transfer happened between two wallets of unknown origin.

? ? 85,999,900 #XRP (20,644,789 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/F6se48DbJi

— Whale Alert (@whale_alert) March 5, 2020

A separate transaction of 22 million XRP worth $5.3 million was transferred from the crypto exchange Bithumb to an unknown wallet on Friday.

In addition, Ripple sent 41 million XRP worth $10 million to the company’s co-founder Jed McCaleb on Friday. The transfer is part of a settlement brokered between Ripple and McCaleb in 2016 that allows McCaleb to sell portions of his XRP holdings on a weekly basis.

A recent review from Whale Alert found McCaleb has sold $1.05 billion worth of XRP since 2014.

Check Latest News Headlines


 
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/Martin Prochazkacz

Submit a Press Release

Industry Announcements

  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
  • Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,114.21
$38,114.21
0.53%
Ethereum
$2,092.08
$2,092.08
2.69%
Cardano
$0.378247
$0.378247
0.16%
XRP
$0.609292
$0.609292
0.77%
Dogecoin
$0.083914
$0.083914
3.23%

Spotlight

  • ‘Beginning of the End’ – Crypto Bear Issues Urgent Bitcoin Warning, Says BTC Crash to $12,000 Still in the Cards
    November 23, 2023
  • Top Analyst Says Polygon Has Plenty of Fuel in the Tank, Updates Outlook on Bitcoin, Ethereum and Solana
    November 23, 2023
  • $2,907,170,360 in Ethereum Accumulated by 200 Largest ETH Whales in One Year, Says Analytics Firm Santiment
    November 23, 2023
  • Former Bloomberg Analyst Says AI, NFTs and Three More Crypto Use Cases Will Drive Blockchain Adoption
    November 23, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl