$148,900,000 Worth of Bitcoin (BTC), 57,000 Ethereum (ETH), 46,000,000 Ripple (XRP) Moved by Crypto Whales

Crypto Wales Selloff Alert - 24k+ BTC, 57k ETH, 46k XRP

Crypto Whales Gone Wild sounds more like a reality TV show. However, it is not. This is the reality facing the cryptocurrency market today.

Although the entire virtual currency market is up today, the crypto whales are conducting a massive selloff in the background.

Crypto prices surge despite big selloff

The top three (3) cryptocurrencies are currently trading up by at least five percent (5%), with Bitcoin (BTC) leading the way (+10.18%), follows by Ethereum (ETH) (+9.07%) and Ripple (XRP) (+5.00%).

In less than 24 hours, Bitcoin’s price moved from $5,785 to $6,389. BTC and the entire crypto market has been swinging wildly all week.

Also see: Bitcoin SV (BSV) Takeover Detected, Mining Pool Members Suspected – Hard Fork Imminent?

It’s assumed crypto whales are taking advantage of the market’s up-and-down mood. 1,000 Bitcoins worth $88.5 million reported transfer in 15 different transactions in a short period of time.

The majority of the selloff took place on Huobi digital exchange, reported Whale Alert. However, it’s not clear whether the Huobi itself owns the coins or external crypto wales.

Another 5,401 BTC were sold for $33.6 million on various cryptocurrency exchanges. The ownership of those wallets are not known. Those Bitcoins could have easily been sold on the open market.

Crypto whales transactions breakdown & exchanges

Below are the transactions documented by Whale Alert:

In addition to the large batch of Bitcoin, crypto wales unloaded 57,000 Ethereum (ETH) worth $7,150,329 on  and 46,000,000 Ripple (XRP) value $6,935,745. All those transactions happened on Bithumb exchange.

What are your thoughts on crypto whales unloading huge amount of BTC, ETH and XRP?

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