The #cryptocurrency market recently saw a significant increase in large-scale transactions, commonly known as 'whale' transactions, involving Bitcoin (#BTC ) and Ripple (#xrp ). These transactions, amounting to around half a billion dollars, took place within a span of 15 hours, according to Whale Alert (@whale_alert).
The sequence of these substantial transactions started with a transfer of 2,664 BTC, valued at $92.22 million, from an unidentified wallet into Coinbase (NASDAQ:COIN). Following this, there were notable BTC movements that included a withdrawal of 1,059 BTC ($36.53 million) from #Binance US to an unknown wallet and an inflow of 2,766 BTC ($96.2 million) into Coinbase. Gate IO also recorded a significant withdrawal of 682 BTC ($23.7 million), which was transferred to an undisclosed wallet. It is worth noting that these transactions prominently featured American exchanges such as #Coinbase.
Alongside Bitcoin, Ripple's XRP also experienced considerable activity. A total of 26.5 million tokens ($14.74 million) were transferred to Bitstamp and another 20 million XRP ($11.12 million) moved to Bitso exchange. These movements are consistent with the increasing use of Ripple Payments.
