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Hundreds of Millions of Dollars Evacuated to Bitcoin and Ripple Exchanges! “Selloff Can Hit the Market”

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Hundreds of Millions of Dollars Evacuated to Bitcoin and Ripple Exchanges! “Selloff Can Hit the Market”

Ripple carried around a quarter billion-worth of XRP in early May. Investors are worried about a new XRP sales wave. In addition, Bitcoin whales surfaced, and some of their BTCs were released on the stock exchanges.

Ripple releases 1 billion XRP

San Francisco-based fintech company Ripple (XRP) transferred 1,000,000,000 XRP from its safety wallets to three separate wallets owned by Ripple . Here is the detail of the huge Ripple transactions:

  • 100 million XRP worth $ 21.5 million was sent to Ripple from Ripple’s escrow.
  • 500,000,000 XRP worth $ 107.2 million was sent to Ripple from Ripple’s escrow.
  • 400,000,000 XRP worth $ 85.8 million were sent to Ripple from Ripple’s escrow wallet.
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In addition, Ripple sent 55,079,321 XRP worth $ 11 million to its founding partner Jed McCaleb as part of a solution process negotiated after leaving the company in 2013 . In total, the dollar value of the transferred XRPs at the current exchange rate is slightly above $ 226 million during the broadcast. Having more than half of the total XRP supply, Ripple unlocks XRP’s escrow every month, making funds available to third parties. The company recently released its last quarterly report showing that it sold $ 1.75 million in digital assets in the first quarter of this year.

Massive Bitcoin whales emptied BTCs on the stock exchanges!

Bitcoin whales are busy at the end of the week and carry a total of 19,254 BTC worth $ 168 million. Ten of the transfers carried cryptocurrencies from an exchange to an unknown wallet and eight to cryptocurrencies from unknown wallets to a stock exchange. The remaining three transfers were made from one crypto exchange to another. Here is the detail of the huge Bitcoin transactions:

  • 64.5 BTC worth $ 5.5 million was sent to the unknown wallet from OKEx.
  • 945 BTC worth $ 8.2 million was sent to the unknown wallet from OKEx.
  • 851 BTC worth $ 7.4 million sent from Coinbase to Binance.
  • 800 BTC worth $ 6.9 million sent from Bitstamp to Coinbase.
  • 600 BTC worth $ 5.2 million was sent from the unknown wallet to OKEx.
  • 600 BTC worth $ 5.2 million sent to Bitstamp from unknown wallet
  • 1,322 BTC worth $ 11.6 million were sent to unknown wallet from Binance.
  • 600 BTC worth $ 5.2 million was sent to the unknown wallet from Coinbase.
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  • 1,001 BTC worth $ 8.8 million was sent to unknown wallet from OKEx.
  • 1,000 BTC worth $ 8.7 million was sent from the unknown wallet to OKEx .
  • 1,000 BTC worth $ 8.8 million was sent to unknown wallet from OKEx.
  • 2,500 BTC worth $ 22.2 million were sent to unknown wallet from Bitstamp.
  • 682 BTC worth $ 6.1 million were sent from the unknown wallet to OKEx.
  • 797 BTC worth $ 7 million was sent to the unknown wallet from Huobi.
  • 898 BTC worth $ 8 million was sent from the unknown wallet to OKEx.
  • 610 BTC worth $ 5.3 million were sent to unknown wallet from Binance.
  • From the unknown wallet, 1,142 BTC worth $ 9.9 million were sent to Binance.
  • 700 BTC worth $ 6.1 million was sent from the unknown wallet to bitFlyer.
  • 700 BTC worth $ 6 million sent from Coinbase to Binance.
  • 565 BTC worth $ 4.9 million was sent to unknown wallet from Binance.
  • 1,300 BTC worth $ 11.4 million sent to Binance from the unknown wallet.

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