By Solomon Odunayo
According to recent data, crypto whales are moving millions of dollars in Bitcoin (BTC), Ethereum (ETH), and Ripple’s digital token XRP, as the cryptocurrency market recovers from the recent price correction.
Crypto traders on the top cryptocurrency exchange, Binance, seem to be more involved in the various huge movement of BTC and ETH over the past 24 hours.
Bitcoin Whales Moved $227.7 Million Worth of BTC
On Binance exchange according to Whale Alert, two identical 3,500 BTC worth $36 million each, were sent to two different wallets of unknown origin.
🚨 🚨 🚨 3,500 #BTC (35,936,314 USD) transferred from #Binance to unknown wallet
— Whale Alert (@whale_alert) September 24, 2020
🚨 🚨 🚨 3,500 #BTC (35,936,314 USD) transferred from #Binance to unknown wallet
— Whale Alert (@whale_alert) September 24, 2020
In the third transaction, the sum of 3,405 BTC worth relatively $35 million was sent to another unknown wallet.
The aforementioned transactions, coupled with other transactions initiated by Bitcoin whales over the last 24 hours, make the total sum of BTC on the move stand around $227.7 million, with the majority of the transactions involving Binance.
Ethereum Whales Moved $73.5 Million Worth of ETH
On the other hand, Whale Alert reported that the crypto exchange Binance received $10.5 million worth of ETH from an unknown wallet some hours ago.
In another huge transaction, an Ethereum whale transferred $63 million worth of ETH to two wallets of unidentified origin.
About $18.1 Million in XRP Moved
In this huge transfer of XRP, Ripple, the cross-border payment behemoth seems to be fully involved. Whale tracker noticed and reported the transfer of 50,886,987 XRP worth $11.4 million from an unknown wallet to a wallet belonging to Ripple.
🚨 50,886,987 #XRP (11,440,951 USD) transferred from unknown wallet to Ripple
— Whale Alert (@whale_alert) September 23, 2020
Another notable movement involved the transaction of $6.7 million worth of XRP from an unknown wallet to Ripple, making the total sum of XRP sent to Ripple stand around $18.1 million.
29,341,273 #XRP (6,789,183 USD) transferred from unknown wallet to Ripple
— Whale Alert (@whale_alert) September 24, 2020
Crypto Market at the State of Recovery
The crypto market is currently undergoing recovery after a significant price plummet experienced by cryptocurrencies.
At the time of filing this report, Bitcoin (BTC) is trading at $10,699.62, with a 3.91% price increase in the last 24 hours. Ethereum (ETH) is priced at $343.55, with 5.96% 24H increase. Ripple’s digital token XRP is at $0.233368, with a 4.44% upsurge based on 24 hours estimation.
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