• 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

Ethereum Shows Signs of Strength After Pullback

chest

Ethereum has completed a healthy pullback and is holding firm at its target level, indicating a potential end to the correction phase.

Diego Alvarez

Chiliz Group Acquires OG Esports to Enhance Fan Engagement

chest

Chiliz Group has acquired a 51% controlling stake in OG Esports to enhance fan engagement.

Kenji Takahashi

Analysts Predict Growth for Apple Amid Tariff Concerns

chest

Analysts express cautious optimism about Apple's potential growth despite ongoing tariff threats and innovation concerns.

Miguel Rodriguez

PUMP Token Technical Indicators Signal Strong Uptrend

chest

PUMP token shows strong technical indicators, including a high ADX and RSI, suggesting a bullish trend despite potential short-term corrections.

Maria Fernandez

Portal To Bitcoin: A Game Changer in the Crypto Landscape

chest

Portal To Bitcoin (PTB) is recognized as a transformative force in the crypto space, serving as a direct gateway to Bitcoin's liquidity and enhancing its accessibility.

Gustavo Mendoza

Apple Set to Launch New iPhones Amid Stock Anticipation

chest

Apple Inc is preparing to launch its new line of iPhones this Friday, with stock prices beginning to rise in anticipation.

Rajesh Kumar

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.