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Big Transfers in Bitcoin (BTC) and XRP, What’s Going On?

One of the largest bitcoin wallets on record transferred about 21,315 Bitcoins worth about $ 400 million to an unknown wallet.

Before the transaction, the sender wallet was the 34th largest registered in the world, according to BitInfoCharts. Bitcoin was his address, but he had only received his first BTC on Monday. The balance of this wallet is now zero. Cryptocurrency follower Bitcoin Block Bot reported the transaction, which cost just 0.00085506 BTC and was worth about $ 15.78 at the time of writing, according to CoinMarketCap.

Blockchain.com according to the, about 16,315.2 BTC in the transaction was sent to an unknown wallet and 5,000 BTC to another wallet,and none of the Bitcoin had moved again until the time of writing. None of the wallets involved are known to be linked to any cryptocurrency company or individual in the industry.

XRP Movements happened also
Cryptocurrency tracker bot Whale Alert has also reported a major crypto move from San Francisco-based payment company Ripple. Ripple moved 150 million XRP, worth about $ 84 million, into an unknown wallet on Tuesday. The XRP Ledger fee for the transaction was only 0.0005 XRP (much less than a penny), according to bithomp.

This unknown wallet has received numerous large XRP’s from Ripple in the past. Some of the recent transactions include 50 million XRP from Ripple on December 1, 27 million XRP on November 4, 42 million XRP on October 1, 47 million XRP on September 3, 39 million XRP on August 19, and more than 26.5 million XRP on August 1.

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