• 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

Upcoming Token Unlocks Create Supply Pressure in Crypto Market

chest

The Ondo crypto price is facing supply pressure due to a major token unlock scheduled for January 18, while Shiba Inu coin struggles with high exchange reserves.

user avatarLuis Flores

Terra Industries Raises $1.175 Billion to Revolutionize African Defense Technology

chest

Terra Industries has raised $1.175 billion to develop security systems in Africa, marking a significant milestone for the continent's defense technology sector.

user avatarArif Mukhtar

ZKsync Implements Trusted Execution Environments for Enhanced Security

chest

ZKsync employs Trusted Execution Environments (TEEs) to enhance security for private operations.

user avatarZainab Kamara

Solana Faces Resistance as Traders Seek New Opportunities

chest

Traders are exploring new altcoin opportunities as Solana's price struggles to break resistance levels.

user avatarSon Min-ho

The demand for Bitcoin from institutions continues to be robust.

chest

In late 2024, BlackRock moved 3,143 BTC to Coinbase Prime, indicating strong institutional demand and infrastructure use for its iShares Bitcoin Trust.

user avatarDavid Robinson

Atlas Upgrade Enhances ZKsync to High-Performance Production L2 Stack

chest

The Atlas upgrade significantly enhances the ZKsync stack, making it the highest-performance production L2 stack for enterprise-level applications.

user avatarMaria Gutierrez

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.