Crypto whales are suddenly relocating their XRP and Dogecoin (DOGE) troves as the two altcoins continue to lag behind Bitcoin (BTC).
Over the last 24 hours, deep-pocketed whales have shifted over $145 million worth of XRP tokens as BTC trades above the $23,000 level.
One transfer involves the shifting of XRP between unknown wallets and three other transactions saw the movement of the sixth-largest altcoin between crypto exchanges and wallets of unknown origins:
- 253.94 million XRP worth $103.64 million transferred from wallet of unknown origin to another wallet of unknown origin
- 39.5 million XRP worth $16.20 million transferred from crypto exchange Bitso to wallet on uknown origin
- 33 million XRP worth $13.65 million transferred from wallet of unknown origin to crypto exchange BitstampÂ
- 30 million XRP worth $12.40 million transferred from wallet of unknown origin to Bitso
At time of writing, XRP is switching hands for $0.411, flat on the day. The payments network remains up 22% this year after opening 2023 at $0.338. Even with this year’s rally, XRP is still down nearly 88% from its all-time high, which it hit in January 2018.
A Dogecoin whale is also on the move, relocating over 60.32 million DOGE worth $5.25 million from a wallet of unknown origin to crypto exchange Coinbase.
DOGE is trading at $0.088 at time of writing, a 25% increase from its 2023 open of $0.070. Despite DOGE’s rally, the top meme coin is still down nearly 88% from its all-time high, which was recorded in May 2021.
As for Bitcoin, the king crypto is up over 40% this year, trading at $23,170 at time of writing.
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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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