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December 22, 2023

Whales Move Over $675,000,000 in Bitcoin, Ethereum, XRP, Solana and Polygon – Here’s Where the Crypto’s Headed

By Mehron Rokhy

Deep-pocketed crypto traders are abruptly shifting hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and other digital assets to and from prominent crypto exchange platforms.

New data from whale-surveying platform Whale Alert reveals that high-net-worth investors are moving over $400 million worth of the flagship crypto assets and over $70 million worth of the top altcoin.

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Transactions involving BTC and ETH on Whale Alert’s radar include:

Bitcoin is trading for $43,543 at time of writing while Ethereum is moving for $2,318.

Whale Alert’s data also reveals that crypto whales have been moving around non-ETH altcoins, such as smart contract platform Solana (SOL), layer-2 scaling solution Polygon (MATIC), and XRP, the digital asset used by payments firm Ripple Labs.

Notable altcoin transactions on Whale Alert’s radar include:

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SOL, MATIC, and XRP are trading for $94.69, $0.854, and $0.618 at time of writing, respectively.

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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.

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