Whales Abruptly Move Over $150,000,000 in XRP and Dogecoin As Bitcoin Floats Above $23,000

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 Bitstamp 
• 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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