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:
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:
Next on the list is Dogecoin, which has recently seen a price increase due to Elon Musk’s acquisition of social media platform Twitter:
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:
The overall value of virtual currencies moved by whales adds up to about $412,300,000, according to the data.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/BusinessImage/MrArtHit/INelson/Nikelser Kate/monkographic