$55,000,000 Bitcoin Transaction Leads Wave of Crypto Whale Movements

Crypto whale watchers are tracking a series of sizable Bitcoin movements.

The biggest single BTC transaction sent 5,175 BTC worth $55.2 million from one unknown wallet to another, indicating it was either an over-the-counter (OTC) sale or a transfer designed to keep the crypto secure.

According to Blockchair, the transaction fee cost $2.23.

Meanwhile, eight massive BTC transactions from the crypto exchange OKEx briefly caused a commotion on Wednesday, leaving traders wondering why the company moved 23,999 BTC worth $252.8 million to unknown wallets.

The exchange soon jumped in to clear up the confusion, saying the transfers were all part of scheduled maintenance.

It is scheduled wallet maintenance,don’t worry. Thanks https://t.co/4LFJweDXtd

— OKX Intern (@okx_intern) September 4, 2019

Traders are also monitoring Ripple as the company continues its monthly shuffle of XRP, moving some of its holdings in and out of escrow by the millions.

In one of its latest transactions, Ripple sent 19 million XRP from its OTC wallet to an unknown wallet. Ripple uses the wallet to manage its sales of the digital asset, and the transfer is likely a sale of XRP to a crypto exchange or institution.

19,441,269 #XRP (5,094,902 USD) transferred from Ripple OTC Distribution wallet to unknown wallet

Tx: https://t.co/AQtl3haN6b

— Whale Alert (@whale_alert) September 3, 2019

 

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