• 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

Prediction Markets Set New Volume Record

chest

Prediction markets reached a record volume of $143 billion in November, showing a significant increase in user engagement.

user avatarKofi Adjeman

CNN Partners with Kalshi to Integrate Prediction Markets

chest

CNN has partnered with Kalshi to integrate regulated event forecasting into its reporting, enhancing clarity and providing real-time market expectations.

user avatarNguyen Van Long

Technical Analysis Indicates Potential Upward Trend for Dogecoin

chest

Technical analysis shows potential upward trend for Dogecoin based on Falling Wedge pattern and positive indicators.

user avatarTando Nkube

PEPE's Future Projections for 2026-2028: Key Developments Ahead

chest

The future of PEPE between 2026 and 2028 hinges on its evolution beyond meme origins, with key developments that could significantly impact its price and market relevance.

user avatarJesper Sørensen

Humanity Protocol Experiences Major Price Drop Following Airdrop 2

chest

The price of Humanity Protocol (H) dropped nearly 35% following the second airdrop by Binance Alpha, leading to significant market turmoil.

user avatarSatoshi Nakamura

Shiba Inu (SHIB) Positioned for Potential Turnaround Following Fed's QT End

chest

Shiba Inu (SHIB) is poised for a potential turnaround following the Federal Reserve's end of Quantitative Tightening, which is expected to enhance market liquidity and benefit community-driven assets.

user avatarLucas Weissmann

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.