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Crypto Whales Fire Off 727 Million XRP and Stellar As Bitcoin Outlook Turns Bullish: Bitcoin, Ethereum, XRP Price Analysis

February 27, 2019

Crypto whales are sending XRP and Stellar in massive quantities, inundating whale watchers in the space.

All of the XRP on the move is coming from the crypto exchange Bittrex and ending up on the South Korean cryptocurrency exchange Upbit. So far, 507 million XRP worth $159 million has been transferred.

We tracked 50 transactions of 10 million #XRP each from #Bittrex to #Upbit the past hour. The total value of the transactions was $159,536,070 USD.

— Whale Alert (@whale_alert) February 27, 2019

Meanwhile, a huge amount of Stellar (XLM) is also on the move. A total of 22 separate transactions, each consisting of 10 million XLM, have been sent from Bittrex to an unknown wallet. Each transaction is worth about $867,000.

In total, 727 million XRP and XLM has moved in just the last few hours alone.

Someone is moving massive amounts of XLM, possibly to a cold wallet. This is not a bug.

— Whale Alert (@whale_alert) February 27, 2019

As for the crypto market, prices are mixed at time of publishing, with Bitcoin down 0.32% at $3.839.

Technical analysts are bullish on Bitcoin in the short term, but less hopeful for Ethereum and XRP.

Bitcoin

Ethereum

XRP

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.