• 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

3 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

GitHub Report Highlights Editorial Policy

chest

A report emphasizes GitHub's strict editorial policy prioritizing accuracy and impartiality.

user avatarZainab Kamara

Dogecoin Reclaims Key Technical Level Amid Market Analysis

chest

Dogecoin has reclaimed the 0.013 level, attracting attention from traders and analysts.

user avatarSon Min-ho

The Coinbase Report Highlights Editorial Policy sets forth the standards for content creation, prioritizing accuracy, transparency, and neutrality in reporting.

chest

Coinbase emphasizes its strict editorial policy prioritizing accuracy and impartiality.

user avatarAyman Ben Youssef

Farside Introduces Strict Editorial Policy

chest

Farside has implemented a strict editorial policy that emphasizes accuracy, relevance, and impartiality in its reporting.

user avatarTando Nkube

New Analysis Developed Using SEC Data.

chest

The report is based on information sourced from the SEC, providing accurate financial insights to stakeholders. This ensures that the information presented is reliable and up-to-date.

user avatarKofi Adjeman

Vitalik Buterin Stresses Importance of Editorial Integrity

chest

Vitalik Buterin emphasizes the importance of a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance trustworthiness in information.

user avatarNguyen Van Long

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.