Whale Watching: Bull market sees $663 million transferred this week

17 May, 2019
by Ryan Boltman
Analysis
Whale Watching: Bull market sees $663 million transferred this week

Following an extremely positive week for the crypto markets, whales took steps to secure, transfer, buy and sell some of the major cryptos as we saw some of the busiest activity in recent weeks. 

With a massive $663 million in transfers making up the top five, it looks like BTC once again dominated the list. Ethereum also made the top 5, which is not surprising considering the recent price surge. Also making the top 5 was Stellar with a mammoth transfer.

This week saw some of the busiest activity for whales, with no less than 20 whale moves over $20 million. It appears that the whales have been moving funds back and forth during the recent BTC price rally.

Bitcoin claims first, second and third spot this week, with number one making up half of the total with a gigantic $343 million transfer. Stellar took the fourth spot while Ethereum rounded off the top five with a $68.5 million transfer. 

TOP 5 LARGEST WHALE MOVEMENTS

This week saw $663 million in transfers being moved for a total transaction fee of $31.27. While bitcoin transactions make up the bulk of the transaction costs, its worth noting that the $343 million BTC transfer cost a mere $0.33 in transaction costs. 

5. 250,000 #ETH (68,514,984 USD) transferred from unknown wallet to #Bitfinex - 16 May

Tx Cost: $0.15

4. 730,000,000 #XLM (74,821,415 USD) transferred from #Bittrex to unknown wallet - 13 May

Tx Cost: $0.000

3. 10,000 #BTC (80,221,863 USD) transferred from unknown wallet to #Coinbase - 14 May

Tx Cost: $7.35

2. 12,000 #BTC (96,863,963 USD) transferred from unknown wallet to #Bitfinex - 15 May

Tx Cost: $23.44

1.  47,000 #BTC (343,078,199 USD) transferred from unknown wallet to unknown wallet - 11 May

Tx Cost: $0.33

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