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  • Bitcoin Whales Move 11,407 BTC Worth $116 Million As Ripple Appears to Sell More XRP

Bitcoin Whales Move 11,407 BTC Worth $116 Million As Ripple Appears to Sell More XRP

September 19, 2019

After a brief drought, Bitcoin whales are suddenly surfacing en masse.

In the last 24 hours, whales have moved 11,407 BTC worth $116 million. The largest single transaction sent 7,800 BTC worth $79.6 million between two wallets of unknown origin.

? ? ? ? ? ? ? 7,800 #BTC (79,622,090 USD) transferred from unknown wallet to unknown wallet

Tx: https://t.co/fSLRumYCuE

— Whale Alert (@whale_alert) September 18, 2019

The movement may have been an over-the-counter (OTC) sale or a shift from one wallet to another for security purposes.

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Here’s a look at the biggest Bitcoin transactions in the last 24 hours. Only one involved BTC moving from an unknown wallet to a crypto exchange. That user sent 606 BTC worth $6.2 million from an unknown wallet to the leading US crypto exchange Coinbase.

Meanwhile, Ripple appears to have sold more XRP to a third party.

The company sent 11,000,000 XRP worth $3.2 million from its over-the-counter (OTC) distribution wallet – which it uses to sell portions of its holdings – to an unknown wallet.

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11,000,000 #XRP (3,273,770 USD) transferred from Ripple OTC Distribution wallet to unknown wallet

Tx: https://t.co/u3tOCNBhMD

— Whale Alert (@whale_alert) September 19, 2019

The transfer comes a day after Ripple sent 10,000,000 XRP worth $2.8 million from the OTC wallet to a wallet of unknown origin. 

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