In a flurry of large-scale transactions, cryptocurrency tracking service Whale Alert has detected a series of significant transfers totaling over $700 million in Bitcoin and XRP within the last few hours.
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.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/massive-whale-activity-detected-over-700m-in-bitcoin-and-xrp-on-the-move/