After a brief drought, Bitcoin whales are suddenly surfacing en masse.
In the last 24 hours, whales have moved 11,407 BTC worth $116 million. The largest single transaction sent 7,800 BTC worth $79.6 million between two wallets of unknown origin.
7,800 #BTC (79,622,090 USD) transferred from unknown wallet to unknown wallet
The movement may have been an over-the-counter (OTC) sale or a shift from one wallet to another for security purposes.
Here’s a look at the biggest Bitcoin transactions in the last 24 hours. Only one involved BTC moving from an unknown wallet to a crypto exchange. That user sent 606 BTC worth $6.2 million from an unknown wallet to the leading US crypto exchange Coinbase.
- 500 BTC worth $5.0 million transferred from Coinbase to unknown wallet
- 7,800 BTC worth $79.6 million transferred from unknown wallet to unknown wallet
- 1,500 BTC worth $15.2 million transferred from OKEx to Coinbase
- 606 BTC worth $6.2 million transferred from unknown wallet to OKEx
- 1,001 BTC worth $10.2 million transferred from OKEx to unknown wallet
Meanwhile, Ripple appears to have sold more XRP to a third party.
The company sent 11,000,000 XRP worth $3.2 million from its over-the-counter (OTC) distribution wallet – which it uses to sell portions of its holdings – to an unknown wallet.
11,000,000 #XRP (3,273,770 USD) transferred from Ripple OTC Distribution wallet to unknown wallet
The transfer comes a day after Ripple sent 10,000,000 XRP worth $2.8 million from the OTC wallet to a wallet of unknown origin.