U.Today - In a stunning turn of events, the crypto space has been abuzz with unprecedented transaction activity, as both and XRP took center stage with a remarkable half-billion-dollar surge in over the last 15 hours.
This crypto spectacle began with a bang when a whopping 2,664 BTC, amounting to $92.22 million, made its way into Coinbase (NASDAQ:COIN). Little did anyone know that this was just the start of a remarkable series of transactions.
Within hours, anonymous wallets began to orchestrate substantial Bitcoin movements. A staggering 1,059 BTC, equivalent to $36.53 million, was withdrawn from Binance US, while 2,766 BTC, worth an eye-popping $96.2 million, flowed into . Later on, another significant withdrawal from Gate IO witnessed 682 BTC, amounting to $23.7 million, being transferred to an unknown wallet.
What is particularly striking is that a significant portion of these transactions revolved around American exchanges, with Coinbase playing a central role.
XRP and Ripple
But the excitement did not end there. also took a significant spotlight as 26.5 million tokens, valued at $14.74 million, embarked on a journey to the Bitstamp exchange, while 20 million XRP, equivalent to $11.12 million, found their way to the Bitso exchange.These transactions appear to correlate with the increasing use of Ripple Payments, with Bitstamp and Bitso acting as vital payment corridors for .
In addition to the Bitcoin and XRP transfers, an equally astonishing $385 million in USDT transfers occurred, primarily revolving around Binance.