Whale addresses are moving nearly $300 million worth of Ethereum (ETH) and XRP in just 24 hours this week, according to data from crypto transaction-tracking platform Whale Alert.
In one of the largest transactions, Whale Alert reports that an unknown wallet transferred 38,781 Ethereum worth more than $52 million to another unknown wallet on Monday.
On the same day, the crypto exchange FTX also transferred 150,000 XRP worth more than $58 million to an unknown wallet.
Less than an hour later, an unknown wallet sent the same amount of XRP, at that time worth about $57 million, to another unknown wallet.
Other notable Ethereum and XRP transfers by high-net-worth traders on Whale Alert’s radar include:
ETH is currently trading for $1,343, down a little over 2% in the last 24 hours. XRP is trading for $0.4094 at time of writing, up around 8% on the day.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/eliahinsomnia/monkographic/INelson