Crypto whales are suddenly moving hundreds of millions of dollars worth of Ethereum (ETH), Bitcoin (BTC), XRP, and Dogecoin (DOGE) over the last 24 hours.
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According to the whale-surveying platform Whale Alert, a deep-pocketed Ethereum investor is moving 83,500 ETH worth $130,143,407 at time of writing from one unknown wallet to another.
Other notable ETH transactions by high-net-worth traders on Whale Alert’s radar include transfers out of prominent crypto exchange platforms:
- 22,300 ETH worth $34,281,952 transferred from an unknown wallet to Bitstamp
- 50,037 ETH worth $76,746,429 transferred from FTX to an unknown wallet
- 16,000 ETH worth $23,991874 transferred from Binance.US to an unknown wallet
Whale Alert also brings attention to activity surrounding XRP, the crypto asset used to operate the payments protocol Ripple. The whale-surveying platform finds that wealthy investors are mostly moving the token onto crypto exchange platforms:
- 26,000 XRP worth $11,974,595 transferred from an unknown wallet to Bitstamp
- 44,461,110 XRP worth $20,622,002 transferred from Bitstamp to an unknown wallet
- 30,000,000 XRP worth $14,021,806 transferred from an unknown wallet to Bitstamp
- 22,000,000 XRP worth $10,347,037 transferred from an unknown wallet to Bitstamp
Next on the list is Dogecoin, which has recently seen a price increase due to Elon Musk’s acquisition of social media platform Twitter:
- 299,999,998 DOGE worth $23,781,722 transferred from an unknown wallet to another
- 94,529,382 DOGE worth $7,277,488 transferred from an unknown wallet to Binance
Last on the list is Bitcoin. According to Whale Alert, deep-pocketed traders are also moving the king crypto to and from digital asset exchanges:
- 1,106 BTC worth 22,763,029 transferred from Kraken to an unknown wallet
- 1,800 BTC worth 37,042,165 transferred from an unknown wallet to Gemini
The overall value of virtual currencies moved by whales adds up to about $412,300,000, according to the data.
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The post Whales Move $412,300,000 in Ethereum, XRP, Bitcoin and Dogecoin in Just One Day – Here’s Where the Crypto Is Headingappeared first on BitcoinLinux.
