$100 million USDC transferred to major exchange Coinbase
According to the cryptocurrency on-chain tracking account "Whale Alert," approximately $115 million worth of USDC was transferred from a USDC treasury wallet to the cryptocurrency exchange Coinbase on February 2, 2026. This transaction could indicate the potential for liquidity from a large investor, and large exchange transfers are generally interpreted as increased selling pressure. This calls for caution from market participants.
A total of 691 BTC was transferred to a Coinbase institutional account.
According to cryptocurrency transaction tracking service Whale Alert (@whale_alert), 691 BTC (approximately $54.51 million) was transferred from an unidentified wallet to a Coinbase Institutional account on the 2nd (local time). Deposits to large exchanges are typically associated with the possibility of a sell-off, leading analysts to believe they could exert short-term downward pressure on the market.
Large USDT withdrawals… Moved from Binance to an unconfirmed wallet.
Cryptocurrency on-chain analytics platform Whale Alert (@whale_alert) reported on February 2nd (local time) that a total of 99,999,990 USDT (approximately $102.5 million) was transferred from Binance to an unidentified wallet. This transaction took place via the TRON network, and the large withdrawals have raised concerns among market participants about liquidity and the potential for a sell-off.
34,619 ETH transferred to Coinbase, putting downward pressure on the market.
According to cryptocurrency tracking platform Whale Alert, a total of 34,619 ETH (approximately $82.4 million) was transferred from an unidentified wallet to a Coinbase institutional wallet on the 2nd (local time). This large deposit suggests the possibility of future ETH sales, which could send a negative signal to the market.
37,777 ETH transferred from the Coinbase Institutional wallet.
According to @whale_alert, 37,777 ETH (approximately $89.83 million) was transferred from the Coinbase Institutional wallet to an unidentified new wallet on the 2nd. Transfers between large wallets can be interpreted as a sell signal, potentially causing short-term market pressure. The transfer details can be verified on the Ethereum blockchain.
91 million XRP transferred between unconfirmed wallets
On-chain tracking platform Whale Alert reported on the 2nd (local time) that 91 million XRP (worth approximately $150 million) had moved between unidentified wallets. The specific addresses were not disclosed, and the purpose of the transaction was not confirmed. Investors should exercise caution, as such large volumes could be interpreted as a signal of potential future selling.
Elon Musk: "xAI and SpaceX Merger in Advanced Progress"
Elon Musk personally revealed that the merger between SpaceX and artificial intelligence company xAI is in the final stages. On the 2nd (local time), Musk said through the social media platform X that the merger discussions between the two companies have entered the "advanced talks." Some cryptocurrency investors are paying attention to the possibility of utilizing the meme coin DOGE when xAI expands its industry. In fact, Musk has adopted DOGE as a means of payment for Tesla and SpaceX in the past. Some analysts say that this announcement could have a short-term positive effect on the technology-related cryptocurrency market.
Glassnode: "BTC Whales Continue to Buy After Price Decline"
According to Glassnode data, whale investors holding more than 10,000 Bitcoin (BTC) have been steadily accumulating recently. Since the BTC price fell below $80,000 in late November, the holdings of these whale addresses have steadily increased. Furthermore, the number of addresses holding more than 1,000 BTC has increased from 1,207 in October of last year to 1,303 recently. Meanwhile, small investors holding less than 10 BTC have been steadily selling over the past month. BTC is currently trading at around $78,000.
$780 million worth of positions liquidated globally in one day
According to cryptocurrency analytics firm CoinGlass, a total of 188,429 positions were liquidated globally over the past 24 hours, totaling approximately $783 million. Long positions liquidated the most, at $486 million, followed by short positions liquidated at $296 million. The largest liquidation occurred on the Hyperliquid exchange, involving ETH-USD positions, amounting to approximately $13.52 million.
90,999,893 XRP transferred between unconfirmed wallets
According to cryptocurrency tracking service Whale Alert (@whale_alert), at approximately 6:38 PM UTC on February 2, 2026, a total of 90,999,893 XRP (approximately $149.55 million USD) was transferred between unidentified wallets. The sender and recipient of this transfer were unknown addresses, and the exact purpose of the funds has not been confirmed. Large-scale XRP movements are often interpreted as a precursor to a market sell-off or exchange relocation, which could directly impact the price.
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