Crypto Whales Make Million Dollar Worth Transfers As The Market Recovers

bitcoin-whale (1) coinsfera.com

Crypto whales moved hundreds of millions in Bitcoins(BTC), Ethereum(ETH), and Ripple(XRP) as the markets showed signs of recovery. Bitcoin Whales are market players. Holding a significant amount of funds, they can manipulate the cryptocurrency market with their actions.

Dealers on Binance, the best cryptocurrency exchange, seem to have been involved in numerous high-value BTC transactions yesterday. The most notable Bitcoin whale transactions that took place recently are:

2,317 BTC worth $ 24.1 million sent from Binance to an unknown wallet.

1,000 BTC worth $ 10.7 million sent from Binance to an unknown wallet.

3,146 BTC worth $ 32.6 million transferred from an unknown wallet to Binance.

955 BTC worth $ 10.1 million sent from an unknown wallet to custody giant Xapo.

1,100 BTC worth $ 11.3 million sent to Bitstamp from an unknown wallet.

1,100 BTC worth $ 11.3 million sent to Bitstamp from an unknown wallet.

2,000 BTC worth $ 20.6 million sent from an unknown wallet to the Huobi exchange.

Ethereum and Ripple whales took action on the same day

As with Bitcoin, several significant transactions have taken place across the Ethereum and Ripple network. Yesterday, 32,371 ETH worth $ 10.5 million was sent to Binance from an unknown wallet. Besides, 197,436 ETH worth 63.0 million USD were transferred between the two unknown wallets.

Two transactions on the Ripple network attracted the attention of whale followers. First of all, the move of 50,886,987 XRP (11,440,951 USD) from an unknown wallet to a Ripple wallet. Then, 29,341,273 XRP worth 6.7 million sent to Ripple from an unknown wallet.

Latest updates in the crypto money market

At the time of writing this news, Bitcoin(BTC) is trading at $10,580, with a 2.08% price increase. Ethereum is trading at $343.20, up 2.2% in the past 24 hours. Ripple’s digital token XRP is at $ 0.236397, up 4.95% in 24 hours.

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