Whales Relocate $440,000,000 in Bitcoin and XRP As Market Volatility Returns Heres Where the Crypto Is Going

Crypto whales are moving $440 million worth of Bitcoin (BTC) and XRP this week as digital assets continue to battle in a bear market.

One of the largest transactions involved an unknown wallet sending 9,250 BTC worth over $157.4 million to two separate unknown wallets on Monday morning. data From blockchain tracking platform Whale Alert.

The transaction reportedly cost just $1.42 worth of Bitcoin.

On the XRP side, Whale Alert reports that an unknown wallet sent 188.5 million XRP worth more than $72.8 million to another unknown wallet on Monday afternoon. XRP Ledger Explorer Bithomp report The transaction cost $0.000015 XRP and is only worth $0.000006.

Some notable recent Bitcoin and XRP transfers by wealthy traders on Whale Alert’s radar include:

• 2,143 BTC worth more than $36.7 million transferred from unknown wallet to cryptocurrency exchange Coinbase
• 2,593 BTC Worth Over $44.5 Million Transferred From Unknown Wallet To Coinbase
• 2,589 BTC Worth Over $44.4 Million Transferred To Coinbase From Unknown Wallet
• 3,629 BTC worth over $62.3 million transferred from Coinbase to an unknown wallet
• 38,893,182 XRP, valued at over $14.4 million, was transferred from cryptocurrency exchange Binance to an unknown wallet
• 28,000,000 XRP, worth over $10.9 million, was transferred from unknown wallets to cryptocurrency exchange Bitstamp
• 40,000,000 XRP worth over $15.5 million transferred from unknown wallet to Bitstamp
• $30,000,000 XRP worth $11.6 million transferred from unknown wallet to cryptocurrency exchange Bitso
• 37,371,039 XRP Worth Over $14.1 Million Sent From Binance To An Unknown Wallet

Bitcoin is trading at $17,780 at the time of writing. The top-ranked crypto assets by market capitalization are up over 3.5% over the past day.

XRP is trading at $0.394 at the time of writing. The sixth-largest crypto asset by market capitalization is up nearly 2.3% over the past 24 hours.

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Featured Image: Shutterstock/Lydia