A bunch of XRP is going to Coinbase as Bitcoin traders switch BTC worth nearly half a billion dollars.
According to on-chain crypto tracker Whale Alert, a major XRP holder has just sent $ 199,999,980 of XRP from an unknown wallet to Crypto Exchange Coinbase.
According to Bithomp, on December 30th, the whale originally received the XRP of nearly $ 200 million in twenty transactions of 10 million XRP each.
The owner of the crypto could try to sell XRP on the open market or rely on the company to hold the assets for safekeeping.
Crypto traders are also tracking two huge pockets of BTC that are in motion. Late on Tuesday, an unidentified wallet received 3,201 BTC worth approximately $ 111.6 million. That wallet sent the bulk of the 3,201 BTC to another unknown wallet in its second recorded transaction late Wednesday.
Around the same time, a separate, unknown bitcoin whale sent 3,296 BTC worth $ 115.6 million to an unidentified wallet.
The recipient soon sent the huge amount of BTC to another unknown wallet, according to Blockchain.com.
Here you can see the largest BTC transactions recorded in the general ledger in the past 24 hours.
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Featured image: Shutterstock / Samantha Haebich