The two largest cryptocurrencies in the world, Bitcoin (BTC), and Ethereum (ETH) have taken center stage in a cumulative $750 million transaction between wallets. In an astonishing development, a significant amount of Bitcoin and Ethereum have been spotted moving from one wallet to another over the last 24 hours.
Staggering amounts of Bitcoin are on the move
According to reports by Whale Alert – a cryptocurrency transaction tracker, a massive 3,000 BTC (worth $85.2 million) was transferred from a wallet labeled “unknown” to the Coinbase exchange.
Shortly after, the same tracker reported two staggering transfers of 6,552 (worth $185.7 million) and 6,756 (worth $190.9 million) Bitcoin tokens between two anonymous wallets. The cumulative value of the three transactions exceeds $461.8 million.
Source: Twitter
About 4 hours later, two different transactions carrying 2,785 BTC and 2,818 BTC respectively from unknown wallets to Coinbase were also recorded. These two transactions moved approximately $158.8 million in Bitcoin to the U.S.-based crypto exchange.
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Ethereum whale transactions recorded
Meanwhile, transactions carrying Ethereum were also recorded by the aforementioned tracker. Per the report, a mouth-watering 70,704 ETH tokens (worth $110.6 million) from an unknown wallet to another anonymous wallet.
Furthermore, 22,374 ETH (worth $34.7 million) tokens were transferred from an anonymous wallet to the Coinbase exchange in a single transaction. The reasons behind these huge transactions are unknown and they have raised speculations among members of the crypto community.
Besides Bitcoin and Ethereum, the popular altcoin XRP was also spotted on the move. Two separate transfers carrying 30,100,000 and 22,850,000 XRP tokens to Bitstamp and Bitso respectively were also recorded. The value of these two transactions is approximately $25.9 million.
The movement of huge amounts of XRP to Bitstamp and Bitso exchanges is becoming increasingly common. However, this can be attributed to the increasing usage of Ripple payments.
Bitcoin (BTC) price today
According to live data from Coinstats, Bitcoin (BTC) is currently changing hands at $28,507, representing a 0.71% increase in the last 24 hours. Bitcoin maintains its position as the #1 cryptocurrency in the world with a 24-hour trading volume of $11,968,190,845 ($11.9 billion) and a live market cap of $556,420,409,777 ($556.4 billion).
Ethereum (ETH) price today
Ethereum is regarded as the second most popular cryptocurrency in the world after Bitcoin. Coinstats data shows that the price of Ethereum today is $1,556. The price is down by 1.15% over the last day. Over the last 24 hours, Ethereum has a trading volume of $5,106,802,812 ($5.1 billion) and a live market cap of $187,153,138,952.392 ($187 billion).
Read more:
- U.S. Government Holds a Massive $5 Billion Worth of Bitcoin: Reports
- Shiba Inu (SHIB) Burn Rate Spike 116% as Community Destroys Almost 90 Million Tokens
- Anonymous Wallet Transfers $15 Million XRP to Bitstamp
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.