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Large XRP Addresses Move More than 150 Million Coins
XRP witnessed a marginal price surge of 1% in the past 24 hours. In terms of weekly performance, the digital asset was down by almost 2%, compared to a dip of approximately 10% in ETH and over 5% in Bitcoin. The movement of XRP coins across the network has increased in the last few days. According to Whale Alert, over 150 million XRP coins were moved in three separate transactions yesterday. In the first transfer, a transaction worth $13 million involving the movement of 40 million XRP was executed at 21:48 UTC. The second major transaction involved the movement of […]
236K BTC Sold by Large Institutions Since Terra’s Implosion in May
Cryptocurrency In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In his estimate, Tesla sold 29,060 BTC at an average price of $32,209 in May. Cryptocurrency Forced Selling In Lunde’s view, massive institutional blow-ups in the past two months started from Terra’s collapse on May 10th – when Do Kown sold over 80K BTC to defend the UST peg. Since then, the contagion has spread quickly across the industry and deepened the selling pressure, leading to 236,237 BTC being sold […]