Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and three other altcoins.
New data from whale-surveying platform Whale Alert finds that high-net-worth traders have moved over $315 million worth of the king crypto in two separate transactions.
The first transaction happened on January 4th when a whale moved 9,251 BTC worth about $155 million at time of writing from one unknown wallet to another while the second transaction occurred yesterday when a whale shifted 15,477 BTC worth over $260,891,533 at time of writing from one unknown wallet to another.
Moving on to the leading smart contract platform ETH, Whale Alert finds that a whale relocated 32,236 ETH worth $40,355,154 at time of writing from one unknown wallet to top US-based crypto exchange platform Coinbase on January 5th.
Other crypto assets on Whale Alert’s radar include XRP, the asset used to operate Ripple Labs’ payments platform, layer-2 scaling solution Polygon (MATIC), and decentralized exchange (DEX) protocol Curve Finance (CRV).
Notable transactions involving these digital assets include:
- 278,894,905 XRP worth $92,978,005 transferred from one unknown wallet to another unknown wallet.
- 35,100,000 XRP worth 11,881,715 transferred from crypto exchange Bitso to an unknown wallet.
- 30,000,000 XRP worth $10,164,876 transferred from an unknown wallet to Bitso.
- 40,000,000 XRP worth $13,553,169 transferred from an unknown wallet to crypto exchange Bitstamp.
- 35,000,000 XRP worth 12,140,436 transferred from an unknown wallet to Bitstamp.
- 8,228,177 MATIC worth $6,585,305 transferred from an unknown wallet to Polygon.
- 25,000,000 MATIC worth $20,008,398 transferred from an unknown wallet to Polygon.
- 57,339,449 MATIC worth $45,890,822 transferred from an unknown wallet to Polygon.
- 17,000,000 CRV worth $8,976,141 transferred from Aave to an unknown wallet.
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Featured Image: Shutterstock/Berg Dmitry