• 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

WazirX WRX Price Prediction Framework for 2026-2030

chest

Analysts project WazirX WRX price movements through 2026-2030 based on various analytical approaches.

user avatarKenji Takahashi

Long-Term Value Proposition of WazirX WRX

chest

WazirX WRX's long-term value is driven by its utility within the ecosystem and market positioning.

user avatarMiguel Rodriguez

WazirX WRX Navigates Recovery After Security Challenges

chest

WazirX WRX is on a recovery path following significant security challenges, with investors closely monitoring its price trajectory from 2026 to 2030.

user avatarLuis Flores

Legal Framework for Seizing Bitcoin Established in South Korea

chest

Legal framework for seizing Bitcoin established in South Korea in 2018, allowing cryptocurrencies to be treated as property under the Criminal Procedure Act.

user avatarRajesh Kumar

Market Response to WazirX Security Incident

chest

The 2022 security breach at WazirX led to significant market volatility and strategic adjustments within the ecosystem.

user avatarGustavo Mendoza

ADA Bounces from Key Support Zone, Potential for Price Increase

chest

ADA has recently bounced from a crucial support zone between 0.033 and 0.036, indicating potential for upward price movement.

user avatarMaria Fernandez

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.