199,999,980 XRP Sent to Coinbase As Bitcoin Traders Move Massive Amounts of BTC

A heap of XRP is heading to Coinbase as Bitcoin traders rotate nearly half a billion dollars worth of BTC.

According to the on-chain crypto tracker Whale Alert, a large XRP holder just sent $199,999,980 XRP from an unknown wallet to crypto exchange Coinbase.

According to Bithomp, the whale originally received the nearly $200 million XRP on December 30th in twenty transactions of 10 million XRP each.

The owner of the crypto could be looking to sell XRP on the open market or relying on the company to store the assets for safekeeping.

Crypto traders are also tracking two huge BTC bags that are on the move. Late on Tuesday, an unknown wallet received 3,201 BTC worth approximately $111.6 million. That wallet sent the majority of the 3,201 BTC to another unknown wallet late Wednesday in its second recorded transaction.

At around the same time a separate, unknown Bitcoin whale sent 3,296 BTC worth $115.6 million to a an unidentified wallet.

The recipient shortly sent the huge sum of BTC away to yet another unknown wallet, according to Blockchain.com.

Here’s a look at the largest BTC transactions to hit the ledger in the last 24 hours or so.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Samantha Haebich