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XRP and BTC have witnessed eye-popping bulk trading activity.

Over the past 48 hours, large holders of XRP and BTC have clearly been in action, with many transactions recording huge token transfers. Data from Whale Alert shows that Bitcoin whales moved more than $55 million in Bitcoin in one transaction, and $31 million worth of XRP was transferred.

Specifically, a Bitcoin whale moved a total of 1,500 BTC ($5,591,1311) from an account associated with Bitfinex to another wallet on the exchange. In addition to this particular transaction, Bitcoin traders paid over $3 million in fees for a single transaction yesterday, unnerving the entire crypto market.

This large investor originally intended to send 139.42495946 BTC worth $5.23 million, but ended up receiving only 55.76998378 BTC worth $2.0652 million.

Whale Alert’s report pointed to two different XRP transactions. The first involved the transfer of 25.2 million XRP worth $15.6654 million, and the other included the transfer of 25 million XRP worth $15.553 million. Both transactions moved funds to trading platforms such as Bitstamp and Bitso, which may mean that these assets may be sold.

The impact of these transfers on XRP and BTC brands.

In the crypto ecosystem, large transactions involving Bitcoin and XRP in particular are not uncommon. The general view associated with these trades is that the originators are liquidating their funds, thereby tipping the market balance toward the bears.

For this transaction, the amounts involved are tiny relative to the actual liquidity of both cryptocurrencies and therefore cannot affect their prices in any significant way. There is evidence that these large transfers do not threaten the market equilibrium of these two assets. #xrp

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