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Whales Move $319,000,000 Million in Bitcoin, Ethereum and XRP As Crypto Markets Rebound

September 25, 2020

Some of the biggest crypto wallets in the world, owned by unknown entities called whales, are moving millions in Bitcoin (BTC), Ethereum (ETH), and XRP as the markets recover.

Traders on the exchange Binance, in particular, appear to be involved in numerous high-value Bitcoin transactions in the past day.

Wallets on the exchange sent two identical 3,500 BTC transactions – each worth almost $36 million – to two separate unknown wallets, according to the crypto tracker Whale Alert. A third transaction sent 3,405 BTC worth more than $35 million to another wallet of unknown origin.

? ? ? 3,500 #BTC (35,936,314 USD) transferred from #Binance to unknown wallet

Tx: https://t.co/Ur58fQKmI1

— Whale Alert (@whale_alert) September 24, 2020

? ? ? 3,500 #BTC (35,936,314 USD) transferred from #Binance to unknown wallet

Tx: https://t.co/wxa2ZeBbvW

— Whale Alert (@whale_alert) September 24, 2020

Here’s a look at the largest BTC whale transactions in the past day, with three additional transactions involving Binance.

Looking at Ethereum, Binance also received 32,371 ETH worth $10.5 million from an unknown wallet yesterday. Additionally, 197,436 ETH worth $63.0 million was transferred between two unidentified wallets

Meanwhile, the payments startup Ripple appears to be involved in several large XRP transactions.

Whale watchers are tracking two Ripple-related transactions in particular. One moved 50,886,987 XRP worth $11.4 million from an unknown wallet to a known Ripple wallet. Another sent 29,341,273 XRP worth $6.7 million from an unknown wallet to Ripple.

Ripple owns more than half of the total supply of XRP.

At the time of writing, Bitcoin is at $10,693, up 3.65% in the last twenty-four hours.  Ethereum is at $345, up 6.24% in the last twenty-four hours. XRP is at $0.2322, up 3.74% in the last twenty-four hours.

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/Mia Stendal