Massive Whale Activity Detected: Over $700M in Bitcoin and XRP on the Move

These movements involve major exchanges such as Coinbase, Kraken, Binance, and institutional entities like Cumberland, potentially signaling strategic reshuffling by large holders — often referred to as “whales.”

Key Transfers Spotted:

50,000,000 XRP (~$120.8M) moved between unknown wallets.
601 BTC (~$62.38M) transferred to Coinbase from an unknown wallet.
600 BTC (~$62.19M) transferred to Coinbase from another unknown wallet.
811 BTC (~$84.02M) moved from Coinbase Institutional to an unknown new wallet.
1,022 BTC (~$105.95M) sent from Cumberland to Coinbase Institutional.
864 BTC (~$89.61M) sent to Cumberland from an unknown wallet.
507 BTC (~$52.61M) sent from Kraken to an unknown wallet.
617 BTC (~$63.98M) moved from Kraken to an unknown wallet.
699 BTC (~$72.56M) transferred from Binance to Kraken.

READ MORE:

Anthony Scaramucci Shares Bold Bitcoin Prediction and ETF Outlook

What Does It Mean?

While it’s difficult to determine the exact intent behind each transaction, large transfers to exchanges like Coinbase often signal potential selling activity, especially when originating from unknown wallets. Conversely, transfers from exchanges to unknown wallets can suggest accumulation or custody migration.

The involvement of institutional players like Coinbase Institutional and Cumberland suggests these may not just be retail or speculative moves but part of broader portfolio rebalancing or OTC (over-the-counter) trades.

These kinds of transactions can create short-term volatility, especially when sentiment is already sensitive. Traders and analysts will be closely watching price action and on-chain behavior over the next 24-48 hours to gauge the potential impact.

The post Massive Whale Activity Detected: Over $700M in Bitcoin and XRP on the Move appeared first on Coindoo.