Crypto whales moved more than $600 million worth of Bitcoin (BTC), Ethereum (ETH), XRP and The Sandbox (SAND) in a two-day period this week as crypto markets traded sideways.
The largest transaction involved one unknown wallet sending 409,350,982 SAND worth more than $247.3 million to another unknown wallet, according to the blockchain tracker Whale Alert.
The Sandbox is a metaverse gaming project with decentralized governance.
Explains the crypto analytics firm Santiment,
“A known The Sandbox whale emptied out its entire 409 million SAND ($250 million in total) and moved to a new address today. This was the most coins moved since the asset’s first week of existence in August 2020. Today’s $261 million moved is the most moved in 7 months.”
Other large transactions tracked by Whale Alert include an unknown wallet transferring 72,591 ETH worth more than $125.5 million to another unknown wallet.
Additionally, a separate unknown whale sent 5,200 Bitcoin worth more than 140.7 million to a different unknown address, and the crypto exchange Binance transferred 972 BTC worth more than $26.3 million to the crypto exchange Coinbase.
XRP whales and exchanges moved the crypto asset in a flurry of smaller transactions, including:
- 20,752,375 XRP worth more than $11.1 million transferred from Binance to an unknown wallet
- 41,140,453 XRP worth more than $21.6 million transferred from Binance to an unknown wallet
- 20,000,000 XRP worth nearly $10.5 million transferred from an unknown wallet to the crypto exchange Bitstamp
- 22,100,000 XRP worth more than $10.5 million transferred from the crypto exchange Bitso to an unknown wallet
- 25,000,000 XRP worth more than $12 million transferred from an unknown wallet to Bitstamp
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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.
Generated Image: Midjourney
