Giant Bitcoin (BTC) and Ripple (XRP) whales began to emerge after the market turned red. Bitcoin whales carried $ 521.3 million worth of 45,893 BTC, while Giant Ripple whales sent 18.7 million XRP to an unknown wallet.
As the market turns red, crypto whale landscapes increase. When Bitcoin drops below $ 11,000, some of the biggest owners of the leading cryptocurrency are taking action. Only one of the largest transfers in the last 24 hours transferred BTC from an unknown wallet to the stock market. In the last 24 hours, whales carried 45,893 BTC worth 521.3 million dollars.
500 BTC worth $ 5.4 million transferred from OKEx to unknown wallets.
651 BTC worth $ 7.1 million transferred from Binance to unknown wallets.
500 BTC worth $ 5.5 million transferred from the unknown wallet to OKEx.
15,000 BTC worth 170.5 million dollars transferred from unknown wallets to unknown wallets.
923 BTC worth $ 260.3 million transferred from an unknown wallet to an unknown wallet.
533 BTC worth $ 6 million transferred from OKEx to Coinbase.
786 BTC worth $ 66.5 million transferred from unknown wallets to unknown wallets.
Meanwhile, the movements of the giant Ripple whales show that crypto money transfers are one of Ripple’s scheduled sales at XRP. The enterprise, which has more than half of all existing XRPs, sent 18,703,000 XRP to an unknown wallet. Only six minutes later, the XRP was sent from an unknown wallet to a known wallet at GateHub, the Bitcoin and cryptocurrency exchange.
Ripple entrusts most of the XRP and unlocks and releases one billion XRP per month to sell some of its assets to crypto exchanges and corporate participants. In the latest “XRP Markets Report”, Ripple announced that the company plans to halt XRP sales this quarter. In the second quarter of this year, Ripple sold XRP worth $ 251.51 million.