Deep-pocketed crypto investors are moving hundreds of millions of dollars worth of digital assets into and from centralized crypto exchange platforms as the king crypto falls below $26,000.
New data from whale-surveying platform Whale Alert reveals that high-net-worth traders have abruptly shifted over $730 million worth of Bitcoin (BTC), Ethereum (ETH), and XRP, the majority of them moving into or out of prominent crypto exchanges such as Binance, Coinbase, and Kraken.
[adinserter block="1"]The BTC transactions on Whale Alert’s radar, which total to about $458 million, include:
- 2,881 BTC worth 76,006,587 transferred from an unknown wallet to Coinbase.
- 799 BTC worth 20,799,168 transferred from an unknown wallet to Binance.
- 2,898 BTC worth $75,364,882 transferred from an unknown wallet to Coinbase.
- 4,000 BTC worth 104,004,357 transferred from an unknown wallet to another unknown wallet.
- 4,000 BTC worth $104,057,443 transferred from unknown wallet to Bitfinex.
- 1,500 BTC worth $39,022,239 transferred from Bitfinex to Kraken.
- 1,499 BTC worth $39,049,631 transferred from Kraken to an unknown wallet.
Bitcoin is trading for $25,851 at time of writing, a 4.8% decrease during the last 24 hours.
Moving on to XRP, the digital asset associated with Ripple Labs’ payments platform, Whale Alert finds about $240 million worth of movement. XRP transactions noticed by the whale-watching blockchain tracker include:
- 29,600,000 XRP worth $15,135,963 transferred from an unknown wallet to Bitstamp.
- 19,920,318 XRP worth $10,167,904 USD transferred from unknown wallet to Binance.
- 424,354,912 XRP worth $214,293,666 transferred from an unknown wallet to another unknown wallet.
XRP is trading for $0.50 at time of writing, a 2.89% decrease during the last day.
Lastly, Whale Alert finds that an ETH whale suddenly transferred 21,240 ETH worth $34,965,976 USD from an unknown wallet to Coinbase.
Ethereum is moving for $1,631 at time of writing, a 3% dip on the day.
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