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Ripple Transfers 55M XRP While BTC And ETH Whopping $358M

04/25/2020
ripple transfers

Ripple transfers 55 million worth of XRP coins at the end of the week while Bitcoin and Ethereum transferred whopping $358 million as the whale watchers noted. In our Ripple news today, we take a closer look at the price analysis.

The total fees for the transactions cost less than a penny and according to the data tracker, Bithomp Ripple moved the funds between its own wallets. The San Francisco-based company owns more than half of the 100 billion XRP in circulation. The previous month, Ripple shuffles XRP from the escrow wallet to the OTC wallets which are used to sell XRP to third parties while Ripple transfers and sold a total of $13 million XRP to institutions directly.

In the meantime, Ethereum and Bitcoin whales moved a total of $358 million in cryptocurrency. Over the past 24 hours, the unknown crypto whale moved about $182 million in Ethereum across fice transactions in unknown wallets. The largest single transaction moved 273,712 ETH worth of $51 million. The Bitcoin whales also moved a collective of 23,544 BTC worth about $176 million.

About eight of the transactions involved crypto moving from the unknown wallets to exchanges which could either exchange shuffled funds or traders that are preparing to sell some of the holdings. The rest of the transactions were moved between crypto exchanges or exchanges to other wallets.

According to the data, 1,000 BTC worth about $7,5 million from an unknown wallet to Binance. 835 BTC worth $7,0 million sent from an unknown wallet to Bitstamp, about $15 million were sent from Binance to Okex. 1500 worth of BTC coins were sent from Binance to an unknown wallet and 5000 worth of BTC were sent from Bitfinex to an unknown wallet. 750 BTC worth $5 million was sent from Okex to an unknown wallet and 980 BTC worth $7.3 million sent from an unknown wallet to Binance. Next, 1,330 BTC worth $18 million was sent from an unknown wallet to Binance while also 2500 BTC worth $18.7 million sent from an unknown wallet to Binance.

Furthermore, 1000 BTC worth of coins sent from an unknown wallet to Binance. 1500 BTC worth $11.3 million sent from an unknown wallet to Bitstamp and 1000 BTC worth 7.5 million USD were sent from Bitfinex to the unknown wallet.

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