Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin and Ethereum Whales Move $313,000,000 in Crypto As Ripple Unlocks 1,000,000,000 XRP

by Daily Hodl Staff
June 1, 2020
in Bitcoin, Ethereum, Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
ADVERTISEMENT

Some of the largest Bitcoin, Ethereum and XRP whales on record are starting the week with a bang.

Whale watchers are monitoring two separate movements of 6,000 BTC worth a total of about $114 million from the crypto exchange Bithumb to a wallet of unknown origin. The ledger tracking bot Whale Alert spotted both transactions.

In an effort to prevent fear, uncertainty and doubt, the bot is designed to ignore internal crypto transfers handled by exchanges. If the two transfers are not Bithumb moving its own assets, they could be a trader or an institution shifting their BTC to a private wallet after a large buy order.

🚨 🚨 🚨 🚨 🚨 6,000 #BTC (57,017,246 USD) transferred from #Bithumb to unknown wallet

Tx: https://t.co/cEyT0erp8W

— Whale Alert (@whale_alert) June 1, 2020

🚨 🚨 🚨 🚨 🚨 6,000 #BTC (56,837,567 USD) transferred from #Bithumb to unknown wallet

Tx: https://t.co/6nErRAKrM9

— Whale Alert (@whale_alert) June 1, 2020

Four additional transfers hit the Bitcoin ledger in the last 24 hours, moving a total of 9,400 BTC worth $89.5 million.

Two of those transfers involved crypto moving off of an exchange to an unknown wallet, a trend that has been on the rise in recent months.

  • 1,500 BTC worth $14.3 million transferred from Binance to OKEx
  • 2,898 BTC worth $27.7 million transferred from Bithumb to unknown wallet
  • 1,502 BTC worth $14.3 million transferred from OKEx to unknown wallet
  • 3,500 BTC worth $33.2 million transferred from unknown wallet to OKEx

Ethereum whales are also out en force, moving 468,189 ETH worth $110.5 million.

  • 124,852 ETH worth $29.6 million transferred from unknown wallet to unknown wallet
  • 38,501 ETH $9.1 million transferred from unknown wallet to Bitfinex
  • 30,000 ETH worth $6.9 million transferred from Binance to unknown wallet
  • 274,836 ETH worth $64.9 million transferred from unknown wallet to unknown wallet

Meanwhile, Ripple’s monthly movement of XRP is underway. The exchange just released 1 billion of its XRP from escrow, making the funds available to sell to institutions and on cryptocurrency exchanges.

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (101,063,166 USD) unlocked from escrow at Ripple Escrow wallet

Tx: https://t.co/jXxq3NRmOH

— Whale Alert (@whale_alert) June 1, 2020

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (101,063,166 USD) unlocked from escrow at Ripple Escrow wallet

Tx: https://t.co/eaUOaxUNEh

— Whale Alert (@whale_alert) June 1, 2020

In the first quarter of this year, Ripple says it sold a total of $1.75 million in XRP over-the-counter. The company owns more than half of the total supply of the digital asset.

The company also sent 79,719,524 XRP worth $16.2 million to co-founder Jed McCaleb today as part of a settlement made between the two parties.

ADVERTISEMENT


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.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,305.00
$49,305.00
1.66%
Ethereum
$1,545.68
$1,545.68
0.53%
Binance Coin
$228.79
$228.79
0.47%
Polkadot
$34.05
$34.05
3.7%
Cardano
$1.18
$1.18
6.73%
XRP
$0.463216
$0.463216
1.98%
ADVERTISEMENT

Spotlight

  • Top Analyst Warns Bitcoin at Last Line of Defense – Here Are the Crucial Levels To Watch
    February 27, 2021
  • New Business Opportunities Are Ushering in the Next Big Wave of NFTs – Forecast for 2021
    March 3, 2021
  • This Highly Misunderstood Altcoin Is Set To Explode, Says Crypto Trader Tyler Swope
    March 1, 2021
  • Top Ripple Executives Asking Federal Judge To Dismiss SEC Lawsuit
    March 5, 2021

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.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.