The big players in the crypto market have stirred a ripple effect as millions of crypto were transferred to wallets. The over-the-counter crypto wallet of Ripple transferred close to 60% of XRP to an unknown wallet. Days before, biggest BTC transfer took place as the 10,888 BTC was sent from Binance.
The market value of the 52,750,000 XRP is estimated to be around $15.3 million. Interestingly, Ripple owns 60% of its total crypto supply. The percentage closes around 55 billion XRP and parts of it are sold regularly to different crypto exchanges and institutions.
Meanwhile, Bitcoin whales with about $100 million in BTC have been on the move since Thursday.
Here’s a look at the rest of the big Bitcoin transfers in the last 36 hours. Two of the 10 transfers appear to be traders moving their BTC onto an exchange, which indicates they may be gearing up to sell.