A pair of crypto whales just moved massive amounts of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as global markets respond to an additional rate hike from the Fed.
According to on-chain data tracked by Whale Alert, an anonymous whale abruptly moved $195,231,414 in BTC from the exchange Crypto.com to a non-custodial wallet.
The Bitcoin was moved in a series of five transactions that all occurred within a span of just one minute.
- 1,433 BTC worth about $39,041,477 transferred from Crypto.com to unknown wallet.
- 1,433 BTC worth about $39,041,477 transferred from Crypto.com to unknown wallet.
- 1,433 BTC worth about $39,041,477 transferred from Crypto.com to unknown wallet.
- 1,433 BTC worth about $39,041,477 transferred from Crypto.com to unknown wallet.
- 1,433 BTC worth about $39,041,477 transferred from Crypto.com to unknown wallet.
Meanwhile, a separate unknown whale moved a staggering amount of the dog-themed memecoin Dogelon Mars (ELON), sending 84,890,577,207,998 ELON worth about $29 million away from Crypto.com in a single transaction.
Despite the big moves, the blockchain analytics firm Santiment says that overall, Bitcoin whales appear to be holding strong amid the volatility, with addresses holding 10-10,000 BTC have remaining essentially flat.
BTC is trading for $28,535 at time of writing, a fractional decrease during the last 24 hours while ELON is moving for $$0.000000354433, a 1% drop during the same time frame.
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Featured Image: Shutterstock/Mia Stendal
