• 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

Terminal Finance Closes Due to Converge Chain Delay

chest

Terminal Finance has announced its closure due to the delayed mainnet launch of the Converge chain, ensuring user funds remain unaffected.

user avatarSon Min-ho

XMR Price Shows Steady Recovery as Buyers Defend Key Support Levels

chest

Monero (XMR) shows a stable recovery as buyers defend key support levels around 406-408, indicating controlled volatility and potential for further price increases.

user avatarTando Nkube

Tom Lee Adjusts Bitcoin Forecast

chest

Analyst Tom Lee revises his Bitcoin price prediction amid ongoing market struggles.

user avatarAyman Ben Youssef

Crypto Gaming Industry Faces Economic Challenges Similar to CryptoKitties

chest

The current challenges in the crypto gaming industry echo the economic failures seen during the CryptoKitties hype cycle. Experts from Kanalcoin argue that without systemic economic reforms, the crypto gaming industry may continue to face liquidity traps.

user avatarKofi Adjeman

Blockchain Gaming Projects Struggle with Shutdowns and Funding Issues

chest

In late 2025, numerous blockchain gaming projects faced server shutdowns and funding failures, leading to significant market turbulence.

user avatarSatoshi Nakamura

Severe Declines in Token Values Following Blockchain Game Closures

chest

Severe declines in token valuations following the closure of blockchain games in 2025, with notable examples like Nyan Heroes losing 99% of its value.

user avatarNguyen Van Long

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.