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Whales Making Waves: Move Over $420 Million In XRP, Binance Coin, Polygon, and Curve

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

Author

Jonathan Gibson

Tags

Reading time

2 mins
Last update

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Large transactions usually indicate that whales are active in the market. Crypto whales are making swift movements in Ripple (XRP), Binance Coin (BNB), Polygon (MATIC), and Curve (CRV) as monitored by Whale Alert, a blockchain tracker and analytics system reporting large and interesting transactions in the cryptocurrency space.

Whale Activities For XRP

Data from Whale Alert, a platform that monitors transactions in and out of cryptocurrency wallets and exchange platforms, shows that loaded crypto investors have been shifting their altcoins to and from unknown wallets.

On the Ripple network, there have been noted transactions on the move. One was a transfer of 26,418,948 XRP (worth approximately $10,573,032) from Bitstamp to an unknown wallet. Another was a movement of 30,000,000 XRP (valued at roughly $12,096,528) from an unknown wallet to Bitstamp. The last was a transfer of 29,000,000 XRP worth $11,694,512 from an unspecified wallet to Bitstamp.

Meanwhile, Ripple Labs and the US Securities and Exchange Commission (SEC) continue their legal battle as the crypto industry awaits November 30 which marks an important date that determines the course for the outcome of the lawsuit in which both parties have to file their summary judgment briefs.

Whale Activities For BNB, MATIC, And CRV

Other digital assets on the action include Binance Coin (BNB), the native asset of the world’s largest crypto exchange platform by volume, Binance, Ethereum scaling solution Polygon and Curve Finance’s CRV token.

Whale Alerts data shows that the most significant transactions occurred when whales moved their BNB. One whale moved 800,000 BNB worth $238,244,053 from Binance to an unknown wallet while another relocated 422,036 BNB valued at $125,657,497 from one unknown wallet to another.

Crypto whales are continuing to make big moves. Recently, a crypto whale transferred 9 million MATIC tokens worth $7.86 million from an unknown wallet to Binance. Another crypto whale transferred 15 million CRV tokens worth $10.26 million from AAVE to an unknown wallet and 10 million CRV tokens worth $6,835,697 has been transferred from an unknown wallet to AAVE.