Whales Relocate $440,000,000 in Bitcoin and XRP As Market Volatility Returns – Here’s Where the Crypto Is Going

Crypto whales are moving more than $440 million worth of Bitcoin (BTC) and XRP this week as digital assets continue to fight their way through a bear market.

One of the biggest transactions involved an unknown wallet sending 9,250 BTC worth more than $157.4 million to two separate unknown wallets on Monday morning, according to data from the blockchain-tracking platform Whale Alert.

The transaction reportedly cost only $1.42 worth of Bitcoin.

On the XRP side, Whale Alert reports that an unknown wallet sent 188.5 million XRP worth more than $72.8 million to another unknown wallet on Monday afternoon. XRP Ledger explorer Bithomp reports that the transaction cost $0.000015 XRP, which is worth only $0.000006.

Other notable recent Bitcoin and XRP transfers by high-net-worth traders on Whale Alert’s radar include:

• 2,143 BTC worth more than $36.7 million transferred from an unknown wallet to the crypto exchange Coinbase
• 2,593 BTC worth more than $44.5 million transferred from an unknown wallet to Coinbase
• 2,589 BTC worth more than $44.4 million transferred from an unknown wallet to Coinbase
• 3,629 BTC worth more than $62.3 million transferred from Coinbase to an unknown wallet
• 38,893,182 XRP worth more than $14.4 million transferred from the crypto exchange Binance to an unknown wallet
• 28,000,000 XRP worth more than $10.9 million transferred from an unknown wallet to the crypto exchange Bitstamp
• 40,000,000 XRP worth more than $15.5 million transferred from an unknown wallet to Bitstamp
• 30,000,000 XRP worth more than $11.6 million transferred from an unknown wallet to the crypto exchange Bitso
• 37,371,039 XRP worth more than $14.1 million transferred from Binance to an unknown wallet

Bitcoin is trading at $17,780 at time of writing. The top-ranked crypto asset by market cap is up more than 3.5% in the past day.

XRP is trading at $0.394 at time of writing. The sixth-ranked crypto asset by market cap is up nearly 2.3% in the past 24 hours.

Featured Image: Shutterstock/Lidiia