As the broader cryptocurrency market hovers at a crucial technical threshold, momentum is picking up with numerous whales transferring hundreds of millions of dollars worth of crypto.
The largest cryptocurrency soared to as high as $10,434 in the last 24 hours, according to CoinMarketCap. Ethereum is also showing signs of strength, with the second-largest cryptocurrency climbing to a 24-hour high of $376.63.
As the value of the largest two cryptocurrencies grows, a number of high-net-worth crypto holders are coming alive.
One whale in particular moved 8,500 BTC worth $88.3 million from the crypto exchange Binance to a wallet of unknown origin.
? ? ? ? ? ? ? ? 8,500 #BTC (88,388,262 USD) transferred from #Binance to unknown wallet
— Whale Alert (@whale_alert) September 11, 2020
Meanwhile, another anonymous whale moved 220,726 Ethereum (ETH) worth $81.9 million between unknown wallets in a single transaction.
? ? ? ? ? ? ? ? 220,726 #ETH (81,931,150 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) September 11, 2020
Here’s a look at the rest of the BTC whale movements sighted in the last day.
In sum, the high-stakes Bitcoin holders moved 14,351 BTC to the tune of $148.7 million.
Two of the transactions moved BTC off of exchanges, with one moving Bitcoin onto the exchange OKEx, where it could potentially be sold for cash or traded for a stablecoin or another crypto asset.
- 2,851 BTC worth $29.7 million moved from OKEx to unknown wallet
- 1,000 BTC worth $10.3 million moved from Binance to unknown wallet
- 2,000 BTC worth $20.4 million moved from unknown wallet to OKEx
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/dani3315
