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The Daily Hodl
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Crypto Traders Tracking Two Massive Bitcoin and XRP Transactions – Here’s Where $483.9 Million in Crypto Is Heading

by Daily Hodl Staff
December 10, 2020
in Bitcoin, Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

One of the largest Bitcoin wallets on record just transferred roughly 21,315 Bitcoin worth about $400 million to a separate unknown wallet.

Prior to the transaction, the sending wallet was the 34th largest recorded Bitcoin address in the world, though it had only received its first BTC on Monday, according to BitInfoCharts. That wallet now has a balance of zero.

The crypto tracker Bitcoin Block Bot reported the transaction, which only cost 0.00085506 BTC, worth about $15.78 at time of writing, according to CoinMarketCap.

About 16,315.2 BTC in the transaction was sent to one unknown wallet and 5000 BTC was sent to another, and none of the Bitcoin has moved again at time of writing, according to Blockchain.com. None of the wallets involved are known to be tied to any cryptocurrency companies or individuals in the industry.

Whale alert! 🐋 Someone moved 21,315 BTC ($400M) in block 660,539 https://t.co/jKZNIMtDR1

— Bitcoin Block Bot (@BtcBlockBot) December 8, 2020

The crypto tracker Whale Alert is also reporting a massive move of crypto from the San Francisco payments company Ripple.

Ripple moved 150 million XRP worth nearly $84 million to an unknown wallet on Tuesday. The XRP Ledger fee for the transaction was only 0.0005 XRP (worth far less than one penny), according to Bithomp.

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 150,000,000 #XRP (83,992,585 USD) transferred from Ripple to unknown wallet

Tx: https://t.co/4ZBhXNiXUv

— Whale Alert (@whale_alert) December 9, 2020

The unknown wallet has received numerous big chunks of XRP from Ripple in the past.

A few of the recent transactions include 50 million XRP from Ripple on December 1st, 27 million XRP on November 4th, 42 million XRP on October 1st, 47 million XRP on September 3rd, 39 million XRP on August 19th, and more than 26.5 million XRP on August 1st.



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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/Art Furnace

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