Whales Abruptly Move $749,000,000 in Bitcoin, Ethereum, XRP and Shiba Inu – Here’s Where the Crypto Is Heading

New data reveals deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH).

According to data from whale-tracking platform Whale Alert, $511 million worth of the top crypto asset by market cap just moved to the top US-based digital asset exchange Coinbase or an unknown wallet.

The transactions involving the crypto king on Whale Alert’s radar include:

• 2,740 BTC worth $73,055,868 USD transferred from an unknown wallet to Coinbase.
• 2,795 BTC worth $75,029,955 USD transferred from an unknown wallet to Coinbase.
• 2,807 BTC worth $74,894,150 USD transferred from an unknown wallet to Coinbase.
• 1,000 BTC worth $26,872,014 USD transferred from an unknown wallet to Coinbase.
• 9,775 BTC worth $261,129,772 USD transferred from an unknown wallet to an unknown new wallet.

Moving on to altcoins, Whale Alert’s data shows that high net worth investors have moved about $238 million worth of the leading smart contract platform Ethereum, meme asset Shiba Inu (SHIB), and XRP, the crypto asset used to operate Ripple Labs’ payments platform, to crypto exchange platforms.

The altcoin movements identified by Whale Alert include:

• 22,017 ETH worth $34,313,618 USD transferred from an unknown wallet to Coinbase.
• 50,000 ETH worth $78,307,428 USD transferred from an unknown wallet to Kraken.
• 22,157 ETH worth $34,551,260 USD transferred from an unknown wallet to Coinbase.
• 22,157 ETH worth $34,116,162 USD transferred from an unknown wallet to Coinbase.
• 31,200,000 XRP worth $15,149,324 USD transferred from an unknown wallet to Bitstamp.
• 23,700,000 XRP worth $11,502,941 transferred from an unknown wallet to Bitso.
• 4,607,030,677,374 SHIB worth $31,387,700 transferred from an unknown wallet to an unknown wallet.

Featured Image: Shutterstock/Tithi Luadthong