• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Series of $800 Million Transfers Raise Questions About Bitcoin, XRP, and Ethereum

Series of $800 Million Transfers Raise Questions About Bitcoin, XRP, and Ethereum

user avatar

by Max Nevskyi

2 years ago


A series of substantial cryptocurrency transfers recently made headlines, commencing with a 3,000 BTC transfer valued at $85.24 million to the Coinbase exchange. This marked the beginning of a sequence of significant transactions, including 6,522 BTC and 6,756 BTC transfers from two unidentified wallet addresses, totaling $376.76 million in value.

Coinbase, a prominent cryptocurrency exchange, played a pivotal role in these major transfers, facilitating the movement of 2,785 BTC and 2,818 BTC, amounting to $158.76 million.

Notably, altcoins such as XRP also saw notable activity. A transfer of 30.1 million XRP, valued at $14.73 million, was sent to the Bitstamp exchange, while 22.85 million XRP, worth $11.17 million, found its way to the Bitso exchange. These transactions appear to be linked to the growing use of Ripple Payments, with Bitstamp and Bitso exchanges serving as vital conduits for Ripple-related activities.

Additionally, Ethereum, a leading altcoin, witnessed substantial transfers. One such transfer involved 70,704 ETH, valued at $110.6 million, moving between two anonymous wallets, drawing significant attention. Another noteworthy Ethereum transfer involved 22,374 ETH, worth $34.73 million, directed to the Coinbase exchange.

These sizable cryptocurrency transfers have raised questions regarding their origins and intended purposes. As is typical in the crypto sector, the anonymity prevailing within the ecosystem makes it challenging to provide concrete answers, despite the desire for increased transparency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

eCash Outlines Strategic Roadmap for Adoption and Growth

chest

eCash focuses on organic adoption and infrastructure development to support its growth in the crypto ecosystem.

user avatarRajesh Kumar

eCash Introduces Advanced Privacy and Security Features

chest

eCash is enhancing user privacy and security with features like CashFusion and plans for a Zero-Knowledge subnet.

user avatarArif Mukhtar

eCash Revolutionizes Crypto Payments with Unique Consensus Mechanism

chest

eCash integrates Nakamoto and Avalanche consensus mechanisms to enhance scalability and speed in cryptocurrency transactions.

user avatarMiguel Rodriguez

Future Impact of USDG0 Stablecoin Adoption on RWA Markets

chest

The adoption of USDG0 stablecoin could catalyze significant developments in the RWA market.

user avatarLuis Flores

Plume Integrates USDG0 Stablecoin to Transform RWA Finance

chest

Plume has adopted the Paxos-issued USDG0 stablecoin, marking a significant advancement in the real-world asset (RWA) finance sector.

user avatarMaria Gutierrez

Touareg Group Technologies Co Launches with USD 1 Billion Capital

chest

Touareg Group has officially launched Touareg Group Technologies Co with a capital of USD 1 billion to support its new crypto exchange, TrustglobeX.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.