Whales Move Over $1,070,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where the Crypto Is Heading

Deep-pocketed crypto investors are suddenly shifting more than a billion dollars in Bitcoin (BTC), Ethereum (ETH), XRP and Polygon (MATIC) as markets dip.

According to new data from whale-surveying platform Whale Alert, crypto whales moved $849.1 million worth of the crypto king during the past two days.

In the largest of the BTC transactions, a whale moved 10,000 Bitcoin worth $269.4 million from one unknown wallet to another unknown wallet.

The other Bitcoin transactions on Whale Alert’s radar include:

• 1,572 BTC worth $41.40 million transferred from an unknown wallet to crypto liquidity provider B2C2.
• 2,028 BTC worth $53.41 million transferred from an unknown wallet to crypto exchange Coinbase.
• 999 BTC worth $26.38 million  transferred from crypto exchange Binance to an unknown wallet.
• 867 BTC worth $22.89 million transferred from Binance to an unknown wallet.
• 999 BTC worth $26.65 million transferred from Binance to an unknown wallet.
• 5,500 BTC worth $146.79 million transferred from an unknown wallet to an unknown wallet.
• 9,714 BTC worth $262.07 million transferred from an unknown wallet to an unknown wallet.

Bitcoin is trading for $26,771 at time of writing, a 0.8% decrease during the past 24 hours.

The whale-tracking platform also notes that a crypto whale moved a huge amount of layer-2 scaling solution Polygon. The deep-pocketed investor moved 30,000,000 MATIC worth $24.94 million from Polygon Staking to an unknown wallet.

Polygon is trading for $0.862 at time of writing, up 2.5% during the past 24 hours.

According to the whale-tracking platform, there were two big transactions of the smart-contract platform Ethereum on May 11th that totaled $164.4 million.

The Ethereum transactions on Whale Alert’s radar include:

• 22,860 ETH $40.46 million transferred from an unknown wallet to crypto exchange Binance.
• 70,000 ETH $123.91 million transferred from an unknown wallet to an unknown wallet.

Ethereum is worth $1,813 at time of writing, up 1% during the past 24 hours.

The whale-tracking platform also notes that high-net-worth traders are shifting XRP, the native asset used to operate Ripple Labs’ payments platform. One crypto whale moved 50,000,000 XRP, worth $20.95 million at the time, from Ripple to another unknown wallet.

The other XRP transaction on Whale Alert’s radar includes:

• 28,000,000 XRP $11.59 million transferred from unknown wallet to crypto exchange Bitstamp.

XRP is worth $0.429 at time of writing, up 1.9% during the past 24 hours.

Generated Image: Midjourney