• 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

Coral Protocol Surpasses Microsoft in AI Agent Performance

chest

Coral Protocol outperformed Microsoft's Magnetic UI by 34% on the GAIA benchmark, showcasing its agent performance.

user avatarAyman Ben Youssef

Coral Protocol Unveils Coral V1 with Innovative Remote Agents

chest

Coral Protocol has launched Coral V1, introducing remote software agents for multiagent deployment across blockchain ecosystems.

user avatarKofi Adjeman

Coral V1 Launches Coral Registry to Empower Developers

chest

Coral V1 launches the Coral Registry, a marketplace for developers to publish agents and receive payouts, addressing compensation challenges in AI development.

user avatarTando Nkube

Mutuum Finance Introduces Leaderboard Incentives and Security Measures

chest

Mutuum Finance has launched a leaderboard incentive program and is undergoing an independent security audit to enhance investor confidence.

user avatarNguyen Van Long

Bybit Endorses Siacoin's Security-Focused v2110 Upgrade

chest

Bybit announces support for Siacoin's v2110 network upgrade, focusing on security and scalability enhancements.

user avatarSatoshi Nakamura

Kaspa Token Experiences Significant Price Movement

chest

The Kaspa token surged over 60% in five days but faced a 10% pullback recently, raising questions about its future trajectory.

user avatarRajesh 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.