Whale Watching: Huge $384m Huobi Token transfer tops $214m BTC transaction

03 May, 2019
by Ryan Boltman
Analysis
Whale Watching: Huge $384m Huobi Token transfer tops $214m BTC transaction

This week on whale watch sees Huobi Token make the top five once again. The Huobi Token transfer topped the list of biggest whale moves this week, with BTC claiming the rest of the positions.

Huobi Token makes it back on the list once again with a mega whale move of 166.8 million HT being transferred to Huobi Exchange, totalling $384.3. The transfer took the top spot ahead of another massive whale move which saw 40,000 BTC totalling $214.3m transferred between unknown wallets.


This week saw plenty of whale moves with smallest move on the top five totalling $48m.


TOP 5 LARGEST WHALE MOVEMENTS:


The Top five this week sees a total of $774m transferred for a total fee of $7.85.


What is surprising is the Huobi Token transfer is 3x the circulating supply of the HT token according to Coin market cap, which states the current circulating supply is only 10% of the total supply, 50 million. Could the exchange be planning on dumping a large portion of HT on their exchange?

5. 9,177 #BTC (48,555,942 USD) transferred from unknown wallet to unknown wallet - 26 April

Tx Cost: $0.95

 

4. 10,677 #BTC (56,479,634 USD) transferred from unknown wallet to unknown wallet - 26 April

Tx Cost: $1.21

3. 13,377 #BTC (70,350,098 USD) transferred from #Bitfinex to unknown wallet - 26 April

Tx Cost: $1.63

2. 40,000 #BTC (214,310,470 USD) transferred from unknown wallet to unknown wallet - 1 May

Tx Cost: $3.94


1. 166,839,600 #HT (384,338,548 USD) transferred from unknown wallet to #Huobi - 28 April

Tx Cost: $0.12

Special mention goes to Ripple, who had a busy week moving XRP between escrow wallets. Ripple unlocked a whopping 1 billion XRP into their escrow account, a total value of $308.8 million, with several internal transactions including a $121.8 million internal transfer.  

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