Whales are moving enormous amounts of cryptocurrency as Bitcoin (BTC) once again displays its trademark volatility.
In a span of about 10 minutes, Bitcoin plunged from more than $10,000 to a low of $8,600 on the crypto exchange BitMEX, with data from the crypto analytics platform Skew showing $220 million in XBTUSD positions liquidated in a 12-hour period. BTC is at $9,515 at time of publishing, according to the aggregated price tracker CoinMarketCap.
An increasing number of crypto whales are emerging amid the wild price action. One whale in particular initiated a massive transfer of 14,722 BTC worth $139.6 million between two wallets of unknown origin.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 14,722 #BTC (139,619,697 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) June 2, 2020
Here’s a look at the rest of the Bitcoin whale transactions reported in the last 24 hours. In total, high-net-worth Bitcoin holders just moved a staggering 35,844 BTC worth $349.1 million.
- 2,000 BTC worth $18.9 million transferred from Binance to OKEx
- 2,002 BTC worth $20.2 million transferred from OKEx to unknown wallet
- 1,200 BTC worth $12.1 million transferred from Bitstamp to OKEx
- 1,041 BTC worth $10.5 million transferred from Binance to unknown wallet
- 2,294 BTC worth $23.0 million transferred from Binance to unknown wallet
- 6,000 BTC worth $60.3 million transferred from Coinbase to unknown wallet
- 1,000 BTC worth $10.1 million transferred from Xapo to Binance
- 2,385 BTC worth $23.8 million transferred from Binance to unknown wallet
- 1,500 BTC worth $14.4 million transferred from OKEx to Binance
- 1,700 BTC worth $16.2 million transferred from Binance to unknown wallet
Meanwhile, huge amounts of Ethereum were sent from the crypto exchange Bithumb to wallets of unknown origin.
A total of 700,002 ETH worth $173.2 million was recently transferred in two separate transactions.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 400,001 #ETH (99,355,469 USD) transferred from #Bithumb to unknown wallet
— Whale Alert (@whale_alert) June 2, 2020
🚨 🚨 🚨 🚨 🚨 🚨 🚨 300,001 #ETH (73,972,245 USD) transferred from #Bithumb to unknown wallet
— Whale Alert (@whale_alert) June 2, 2020
After unlocking a billion XRP, Ripple continues to shift around its crypto assets.
Although Ripple does not release data on the recipients of its monthly XRP sales, whale watchers are tracking wallets owned by the San Francisco payments startup to see where the crypto is flowing.
Here’s a look at the major Ripple movements in the last day, which total 132,561,496 XRP worth $27.1 million. Two of the transfers sent XRP from Ripple to unknown wallets, which could represent sales to third parties.
- 70,000,000 XRP worth $14.3 million transferred from Ripple to Ripple OTC distribution wallet
- 32,561,496 XRP worth $6.5 million transferred from Ripple to unknown wallet
- 30,000,000 XRP worth $6.3 million transferred from Ripple to unknown wallet
Ripple, which owns more than half of all XRP in existence, says it sold $1.75 million worth of XRP in the first quarter of 2020.
