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.
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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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.
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