• 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

Procter & Gamble Reports Q2 2026 Results with Mixed Performance

chest

Procter & Gamble reported Q2 2026 results with a profit beat but missed revenue expectations, showing net sales of $22.2 billion, a 1% increase.

user avatarMaya Lundqvist

Procter & Gamble Maintains Fiscal Year 2026 Guidance Amid Challenges

chest

Procter & Gamble has maintained its fiscal year 2026 guidance, projecting sales growth between 1% and 5% despite facing higher costs and restructuring challenges.

user avatarKaterina Papadopoulou

BlackRock's Toll Road Thesis for Ethereum

chest

BlackRock concludes that Ethereum is structurally advantaged as the primary blockchain for tokenized assets.

user avatarLeo van der Veen

WagerXio Revolutionizes Crypto Casino Reviews with Live Testing Notes

chest

WagerXio is retiring traditional crypto casino reviews in favor of a new system called Live Testing Notes, developed by Andreas Ericsson and his team.

user avatarAisha Farooq

Experts Warn of Imminent Quantum Threat to Bitcoin

chest

Experts warn that Bitcoin faces an imminent quantum threat that cannot be ignored.

user avatarLi Weicheng

Popular Crypto Platforms for Baseball Betting

chest

Several crypto platforms have gained popularity among baseball bettors for their unique features and user-friendly interfaces.

user avatarMohamed Farouk

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.