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Crypto Whale Loads 2,000 Bitcoin (BTC) on Binance As Traders Track 250,000,000 XRP on the Move

January 31, 2020

As Bitcoin continues its steady climb toward $10,000, crypto traders are closely watching whale movements connected to the leading cryptocurrency.

Hours ago, a large Bitcoin holder moved 2,000 BTC worth $18.6 million onto the crypto exchange Binance where it could potentially be sold for altcoins or cash.

? 2,000 #BTC (18,671,166 USD) transferred from unknown wallet to #Binance

Tx: https://t.co/oy73MOfNhQ

— Whale Alert (@whale_alert) January 30, 2020

The 2,000 BTC is only part of the whale’s total Bitcoin holdings. The owner still has 4,053 BTC remaining in the original wallet.

So far, Bitcoin’s price remains undeterred. The king of crypto is up 0.42% at $9,352, according to COIN360 at time of publishing.

The rest of the market is rising alongside BTC, with Ethereum (ETH) up 4.86% at $182.36, XRP up 3.12% at $0.2412 and Bitcoin Cash up 0.03% at $384.58.

Meanwhile, the XRP community is monitoring an ongoing series of large transfers involving the South Korean cryptocurrency exchange Bithumb.

In the last 24 hours, 250,000,000 XRP worth $60 million left a known wallet owned by Bithumb and was sent to a separate wallet that was activated by the exchange. It happened in two separate transactions, with the first moving 100,000,000 XRP and the second moving 150,000,000 XRP.

The movements could either be Bithumb shifting its own funds around or the sale of XRP to a user or institutional player on its exchange. Last week, Bithumb sent 212,000,000 XRP from the same wallet.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/JanineS