Whales Abruptly Move $282,500,000 in XRP and Polygon (MATIC) in Series of Massive Crypto Transfers

Crypto whales are out in force as a new week arrives, moving a staggering $282.5 million in XRP and Polygon (MATIC).

The crypto address tracker Whale Alert spotted a series of mounting transactions in the last 36 hours.

Whales have moved XRP both to and from crypto exchanges Bitstamp and Bitso.

Here’s an overview of the activity, which totals $248.9 million.

• 264,500,000 XRP worth $102.0 million sent from unknown wallet to unknown wallet
• 244,500,000 XRP worth $94.3 million sent from unknown wallet to unknown wallet
• 43,000,000 XRP worth $16.7 million sent from unknown wallet to Bitstamp
• 35,000,000 XRP worth $13.5 million sent from unknown wallet to Bitstamp
• 30,000,000 XRP worth $11.6 sent from unknown wallet to Bitstamp
• 28,000,000 XRP worth $10.8 million sent from Bitso to unknown wallet

Meanwhile, Polygon whales have moved a total of $33.6 million, with only one of the transactions involving centralized exchanges.

• 4,379,990 MATIC worth $6.7 million sent from unknown wallet to Polygon
• 4,379,990 MATIC worth $6.7 million sent from unknown wallet to Polygon
• 6,000,000 MATIC worth $8.6 million sent from Bitfinex to Binance
• 7,796,507 MATIC $11.6 million sent from Polygon to unknown wallet

New numbers from WhaleStats show Polygon is now the fifth-largest crypto asset holding among the 5,000 biggest Ethereum whales on record.

The top four are Ethereum (ETH), USD Coin (USDC), Tether (USDT) and Shiba Inu (SHIB).

XRP is at $0.39 at time of publishing, down 0.5% in the last 24 hours. MATIC is at $1.49, down 0.9% in the last day.

Featured Image: Shutterstock/Dotted Yeti/Nikelser Kate