Crypto Whale Moves 50,343 Bitcoin (BTC) Worth $320,978,017 As 51,000,000 XRP Exits Bithumb

A mysterious cryptocurrency whale just moved a stunning amount of Bitcoin (BTC) for a fee of only 60 cents.

The whale sent 50,343 BTC worth $320,978,017 between wallets of unknown origin. The movement caused a stir among cryptocurrency whale watchers on Twitter.

The wallet that received the crypto has moved huge amounts of BTC in the past. This suggests the owner of the wallet could be an exchange, a hedge fund, a custodian or a trader who is constantly shifting funds around for security purposes.

The big move is one of a number of sizable Bitcoin transactions that hit the ledger on Monday. In the last 24 hours, Whale Alert has tracked nine large BTC transactions moving at least 800 BTC.

Traders are also tracking a large movement of XRP sent from the crypto exchange Bithumb to an unknown wallet.

The whale in question moved 51,000,000 XRP worth $8,769,202 for a fee of less than a penny.

The movement could be an XRP trader shifting funds or Bithumb itself moving assets on behalf of its customers.

The crypto market is mostly in the green at time of publishing. Bitcoin is up 3.82% at $6,345, Ethereum is up 3.20% at $132.37 and XRP is up 1.18% at $0.1731, according to CoinMarketCap.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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