Massive Crypto Transfers: $235M Across Bitcoin, Ethereum, XRP Shake Markets
February 5, 2024A significant Ethereum transfer involved 14,768 ETH moving to Coinbase, valued at approximately $33.5 million.
XRP liquidity was bolstered on Bitstamp with a transfer of 27.7 million units, totaling around $14.48 million.
Bitcoin's presence in institutional portfolios is suggested by a large transfer of 3,249 BTC, or $137.3 million, to a Coinbase Institutional account.
An outflow of 1,426 BTC from Coinbase Institutional's vault, worth about $60.49 million, indicates active management of institutional cryptocurrency holdings.
The day's transfer activities reflect ongoing changes in wealth distribution and increased institutional involvement in the cryptocurrency market.
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