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.