• 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

Kraken Introduces CFTC-Regulated Perpetual Futures for Professional Traders

chest

Kraken has launched CFTC-regulated perpetual futures for eligible institutional and professional clients through its Bitnomial integration.

user avatarKaterina Papadopoulou

Michael Saylor Advocates for Bitcoin as Pure Digital Capital

chest

Michael Saylor emphasizes that Bitcoin should remain a pure digital asset, separate from yield-bearing crypto systems.

user avatarMaya Lundqvist

Bitcoin Tests Global Liquidity Assumptions

chest

Bitcoin is currently testing the assumption that rising global liquidity will lead to higher prices, as global M2 liquidity reaches a record high.

user avatarLeo van der Veen

Switzerland to Host US-Iran Memorandum Signing on June 19, 2026

chest

Switzerland is set to host a US-Iran memorandum signing on June 19, 2026, involving Qatar and Pakistan as mediators.

user avatarLi Weicheng

Aztec Connect Smart Contract Exploited for $219 Million

chest

A deprecated Aztec Connect smart contract has been exploited for about $219 million, highlighting the risks associated with old contracts in DeFi.

user avatarAisha Farooq

World Liberty Financial Partners with UFC for USD1 Stablecoin Bonus Pool

chest

World Liberty Financial has partnered with UFC to use its USD1 stablecoin in the event's bonus structure, aiming to promote the token to a mainstream sports audience.

user avatarTenzin Dorje

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.