Deep-pocketed crypto whales are moving over $130 million worth of Dogecoin (DOGE) and XRP as crypto markets plateau this week.
An unknown wallet sent 150 million DOGE worth more than $20.7 million to another unknown wallet on Tuesday, according to the blockchain-tracking platform Whale Alert.
A half-hour later, a third unknown wallet sent 300 million DOGE worth more than $41.8 million to a fourth unknown wallet.
XRP whales were also on the move: In between those two Dogecoin whale transactions, another unknown wallet sent the crypto exchange Bitstamp 60 million XRP worth more than $28.03 million.
A few seconds later, Bitstamp sent a separate unknown wallet with more than 60.9 million XRP worth more than $28.4 million.
Bitstamp wasn’t the only exchange dealing with large amounts of XRP this week. An unknown wallet sent Bitso 30 million XRP worth more than $13.88 million.
DOGE is trading at $0.132618 at time of writing. The 8th-ranked crypto asset by market cap is down nearly 8% in the past 24 hours, but it remains up by more than 81% on the week.
DOGE first started moving last week on news that tech billionaire Elon Musk, one of Dogecoin’s most prolific supporters, had successfully taken over social media giant Twitter.
XRP is trading at $0.455539 at time of writing and is down nearly 2% in the past 24 hours. The 6th-ranked crypto asset by market cap is also down more than 3% in the past seven days.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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 loses 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/Smiling Fox