870 Million Stellar (XLM) Moved By Crypto Whales
The weekend has been decisive for the action of several important altcoins by crypto whales, in order to manipulate their prices and increase their wealth. First, it was EOS, then Ethereum and now it is Stellar's turn with his XLM coin, to be the objectives set by these actors.
In this way movements have been generated in the upper, middle and lower part of the top ten most important of the altcoins, not including of course Bitcoin, as part of perhaps joint efforts to assert the long-awaited season of ALTS.
The four transfers registered today by Whale-Alert on its website for an amount of 870 million XLM has undoubtedly been the most important action of the whales this week, after the movement of a similar amount in XRP tokens of the Ripple company recently.
The lumens began to move this Friday, September 13, 2019 at 22:16:50 with a first transfer in the amount of 332,639,780 XLM, valued at $ 19,039,896 USD.
Subsequently, two movements were registered to transfer 260 million XLM that had the Kraken exchange as a final destination, at 00:08:11 on Saturday, September 14, 2019.
To finalize the action on Stellar, a transfer was directed to Bitgo from a wallet with an unknown address, at 05:47:09 on Saturday, September 14, 2019 for an amount of 17.3 million lumens valued at a little less than one million dollars.
In parallel, the actions of the whales were also directed, although to a lesser extent, against the XRP token with three movements of 40 million XRP each, in operations that together add up to an estimated value of $ 30.6 million.
The first transaction between wallets of unknown address occurred ending this Friday, September 13, 2019 at 22:06:40 for an amount of 40 million XRP, about $10.2 million.
The two remaining transfers for the same amount as the previous one was a movement of 40million XRP whose final destination was again the Kraken exchange, from Bitfinex, previously passing through Binance for its trail loss. This happened on Saturday, September 14, 2019 at 00:24:21.
By the end of today, the whales mobilized 20 million of Tether's stable currency, USDT between addresses of unknown origin and 18,000 ETH were destined for the OKEx exchange, in what will possibly be another subsequent pumping this weekend on the most important altcoin From the market.
As we can see, in the last three days, the actions of whales on Bitcoin have been quite insignificant, as they look to accumulate more capital before entering the main crypto market by increasing capital through movements of altcoins.
About The Author
OlowoI am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.
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