Transactions that include crypto exchange Kraken, unidentified wallets, and an incredible amount of XRP are raising eyebrows in the crypto community.
For context, whale alert It has been reported On August 1st, Kraken just moved its 82,277,388 XRP into a wallet worth $246.4 million. Given the recent market position and trading direction, the response suggested that whales would buy dip.
Whale Alert x
Kraken forwards millions of XRPs to unconfirmed addresses
In particular, transaction details showed that it happened at exactly 12:50 (UTC) on Friday. The submission of the address “RLHZPS” marked as a Kraken wallet has moved to an address that receives approximately $246.5 million.RP7TCCaccording to the whale warning, the identity remains unidentified.
This shuffle happened 12 hours ago, and data confirming that it happened exactly today happened today at 00:44 (UTC). especially, “rlhzps“The send address from a previous transaction” was part of this XRP shift, but this time it’s the receiving address.
According to XRPSCAN, the unmarked destination address “RJHKPN” has moved 31,852,903 XRP ($95 million) to today’s Kraken address. Interestingly, I discovered that the address to which this transaction is sent is also affiliated with Kraken.
For context, XRPSCAN indicates its address.RRHT2HD“The destination address was activated on July 10th, 2024. Analysis revealed that it was the Kraken (1) account, which was also activated on June 21, 2024.
Simply put, both transactions were Kraken’s shift funds from one wallet to another, perhaps from a hot wallet to a secure, freestanding wallet for storage, or vice versa.
Kraken also transfers other cryptocurrencies
In particular, the Whale Alert reported on some other transactions, including today’s Kraken and the unknown wallet. Kraken moved 89 million links ($31.2 million) to 680 BTC ($78.4 million) by 11:16 (UTC) and 680 BTC ($78.4 million) by 09:31 (UTC).
Kraken moves cryptocurrency to new address
Surprisingly, all transactions involved moving cryptocurrencies from Kraken Cold Wallet to multiple trading platforms. At the time of writing, the specific reasons behind these transactions remain unknown. Still, their direction suggests that the sale could be caused by a market crash.