Billions of USD in Bitcoin and XRP "awaken": Whales and founders move large assets!

The cryptocurrency market is heating up with large-scale movements from Bitcoin wallets and $XRP early adopters, after more than a decade of silence. These veteran "whales" have suddenly "awakened," creating a wave of speculation about profit-taking or even the return of legendary figures.

Old Bitcoin wallets are back in action

On July 23-24, two Bitcoin wallets from 2011 (when BTC was priced at 0.37 USD) transferred a total of over 14,500 $BTC (about 1.7 billion USD) to new wallets. Another wallet also transferred 40,191 BTC to a custodial unit of Galaxy Digital. This asset has increased more than 320,000 times compared to the original purchase price.

These movements have sparked speculation that whales are "adjusting positions" to take profits as BTC approaches its historic peak (currently around 116,069 USD). Some even speculate about the return of #SatoshiNakamoto or early solo miners.

Ripple co-founder also "unloads"

Not just Bitcoin, XRP has also seen suspicious movements from "insider" wallets. According to ZachXBT, a wallet believed to belong to Chris Larsen, co-founder of Ripple, has moved a total of 50 million XRP (161 million USD) since July 17. These transactions occurred right when XRP hit an all-time high of 3.65 USD on July 18. Currently, wallets controlled by Larsen still hold 2.81 billion XRP (9 billion USD).

These events indicate that the market is under pressure to adjust, but they also reflect the volatility and unpredictable nature of cryptocurrency assets.