Whales Move Over $475,000,000 in Bitcoin (BTC), Polygon (MATIC) and XRP – Here’s Where the Crypto’s Headed

Crypto whales are abruptly shifting hundreds of millions of dollars of prominent crypto assets including Bitcoin (BTC), Polygon (MATIC), and XRP.

New data from whale-watching platform Whale Alert reveals that deep-pocketed crypto investors are moving troves of the king crypto to and from various wallets and crypto exchange platforms.

One high-net-worth investor moved 5,502 BTC worth $124,830,222 from one unknown wallet to another while another investor shifted 5,000 BTC worth $113,427,139 from one unknown wallet to another.

Other notable transactions including the top crypto asset by market cap on Whale Alert’s radar include:

• 5,000 BTC worth $113,427,139 transferred from an unknown wallet to a different unknown wallet.
• 902 BTC worth $20,549,808 transferred from the crypto exchange Coinbase to an unknown wallet.
• 1,300 BTC worth $29,859,483 transferred from an unknown wallet to the crypto exchange Coinbase.

Whale Alert also brings attention to whale activity centered around layer-2 scaling solution MATIC and XRP, the crypto asset used to operate Ripple Labs’ payments platform.

The whale-surveying platform finds that wealthy investors moved 20,000,000 MATIC worth $26,589,171 from an unknown wallet to another and 18,000,000 MATIC worth $23,800,532 from a different unknown wallet to another.

Moving on to XRP, Whale Alert brings attention to two transactions. The first has a crypto whale shuffling over 34,000,000 XRP worth $13,586,728 from an unknown wallet to crypto exchange Bitstamp.

The second transaction saw a deep-pocketed trader move 25,400,000 XRP worth $10,068,153 from crypto exchange Bitso to an unknown wallet.

Generated Image: Midjourney