Rajarshi Mitra
Independent Analyst
- Ripple whales have moved 50 transactions of 10 million XRP each (totaling $159 million) from Bittrex to Upbit.
- Around the same time, a Stellar whale moved 22 transactions of 10 million XLM each from Bittrex to a cold wallet.
The “Whale Alert” twitter account has tracked some interesting whale activity regarding Ripple and Stellar. According to them, around $200 million worth of XRP and XLM have been moved over the last 24 hours. Interestingly enough, nearly $190 million worth of these coins has been directly transferred from the Bittrex exchange.
Whale Alert tracked that 50 transactions of 10 million XRP each (totaling $159 million) from Bittrex to Upbit. At the very same time, a Stellar whale moved 22 transactions of 10 million XLM ($867,000) each from Bittrex to a cold wallet. In a separate transaction, Whale Alert also noted that 40 million XRP (worth $12.4 million) was transferred from an unknown wallet to another unknown wallet.
Bittrex had tweeted that they will be performing an update saying, “Today we’ll be performing a planned technology update at 21:00 UTC. During this time, markets and wallets will be temporarily offline.” It is still not clear whether this movement has anything to do with this update directly.
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