• 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

XRP Enhances Cross-Border Payments in Ripple's Network

chest

XRP enhances cross-border payments in Ripple's network by acting as a liquidity tool, facilitating efficient value transfers without the need for prefunded accounts.

user avatarJesper Sørensen

DTCC Partners with Ripple for Tokenization Goals

chest

DTCC has included Ripple in its Industry Working Group for a new tokenization service aimed at real-world assets.

user avatarRajesh Kumar

Market Expert Discusses Solana's Quiet Phase and Future Potential

chest

Market expert Rios analyzes Solana's quieter phase, noting reduced volatility and increased long-term holder supply, suggesting potential for future price movements.

user avatarLucas Weissmann

Solana Network Sees Sharp Decline in Active Wallet Addresses

chest

The Solana network is experiencing a significant drop in active wallet addresses, raising concerns about user activity and market impact.

user avatarFilippo Romano

Evernorth CEO Highlights Company's Unique Approach to XRP Treasury

chest

Asheesh Birla, CEO of Evernorth, discusses the company's unique approach to XRP treasury and its plans to generate yields for investors upon listing on Nasdaq.

user avatarEmily Carter

Evernorth Set to Launch with Over 473 Million XRP

chest

Evernorth plans to launch with corporate XRP holdings of at least 473 million, including contributions from Ripple.

user avatarTomas Novak

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.