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Massive Whale Activity Detected: Over $700M in Bitcoin and XRP on the Move

  • Massive whale activity detected involving over $700M in Bitcoin and XRP on the move, with major exchanges like Coinbase, Kraken, Binance, and institutional entities like Cumberland being part of the transactions.
  • Key transfers spotted include large amounts of XRP and BTC moving between unknown wallets, as well as transfers to and from exchanges like Coinbase, Kraken, and Binance.
  • These transfers to exchanges like Coinbase may signal potential selling activity, while transfers from exchanges to unknown wallets can indicate accumulation or custody migration.
  • Involvement of institutional players like Coinbase Institutional and Cumberland suggests broader portfolio rebalancing or OTC trades, leading to short-term volatility in the market.

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