News : Bustling whales move BTC to the floor in the last 24 hours
Over the past few days, Ripple has moved its number of XRP millions worth of dollars.
Yesterday a move of 55 million XRP worth over 10 million USD was moved to the OTC wallet of Ripple, predicting a sale of XRP will soon occur.
Ripple owns more than half of the 100 billion XRP in existence, each month this cryptocurrency company will transfer a certain amount of XRP to its OTC wallet and sell it to a third party.
Source IMDB
According to previous quarterly statistics, Ripple has sold 13 million US $ XRP to institutional investors. This number has declined a lot compared to the previous time, since Ripple is committed to investors that they will minimize the amount of sale out of XRP to not let the price drop.
And that's not what it is if compared to the migration of the Bitcoin and Ethereum whales.
In the last 24 hours, a cryptocurrency whale has moved a total of 182 million US $ Ethereum over five separate trades.
All of these are unknown, with the most recorded move being 273.712 ETH (51,647,144 USD).
In addition to the ETH whale, BTC Whales are also busy on moving 23.544 BTC worth about 176 million. There are eight moves from the unknown wallet to the exchange, the ability to also be prepared to sell this Bitcoin or other purpose is confidential.
The other eight moves are between the exchanges and the floors to non-defined wallets.