Whales Move Over $363,000,000 in Bitcoin (BTC) and XRP in Several Transactions – Here’s Where the Crypto’s Going

Whales Move Over $363,000,000 in Bitcoin (BTC) and XRP in Several Transactions – Here’s Where the Crypto’s Going

  • Bitcoin
  • January 20, 2023
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Deep-pocketed whales are suddenly moving more than $363 million in Bitcoin (BTC) and XRP after Bitcoin reclaims the $21,000 mark.

According to blockchain tracker and whale-surveying platform Whale Alert, whales are moving in three separate transactions a combined 11,611 Bitcoin valued at time of writing for $240,675,134.

In the largest of the three notable king crypto asset transactions on Thursday, January 19th, a whale moved 6,314 BTC worth $130,868,521 from one unknown wallet to crypto exchange Binance, according to Whale Alert.

Another whale moved 3,336 BTC worth $69,226,236 from one unknown wallet to crypto exchange Binance.

In a third transaction, 1,961 Bitcoin worth about $40,580,377 was transferred from crypto exchange Gemini to an unknown wallet.

The three transactions come after Bitcoin rallied about 30% within days. At time of writing, Bitcoin is changing hands at $21,070.

Next on Whale Alert’s radar are big transactions of payment token XRP.

Three separate transactions are moving a total of 332,194,839 XRP valued at about $129,501,410 million.

A whale moved 61,094,839 XRP worth $102,414,350, the largest of the three transactions, from one unknown wallet to another unknown wallet.

A second whale moved 40,000,000 XRP worth $15,238,852 from one unknown wallet to crypto exchange Bitstamp.

In the third transaction, 31,100,000 XRP worth $11,848,208 was moved from crypto exchange Bitso to an unknown wallet.

XRP is trading at $0.394 at time of writing. The 6th-ranked crypto asset by market cap is up more than 26% from its month’s low. XRP is also down more than 88% from its all-time high of $3.84, which it hit in January 2018.

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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 loses 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.

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