Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other altcoins.
According to new data from whale-surveying platform Whale Alert, high-net-worth traders have shifted about $644 million worth of the top digital asset by market cap to and from exchange platforms and crypto wallets.
[adinserter block="1"]The Bitcoin transactions on Whale Alert’s radar include:
- 4,535 BTC worth $198,031,859 transferred from one unknown wallet to another unknown wallet.
- 829 BTC worth $35,918,171 transferred from CashApp to an unknown new wallet.
- 7,239 BTC worth $313,534,431 transferred from an unknown wallet to another unknown wallet.
- 1,118 BTC worth $48,467,632 transferred from crypto exchange Coinbase to an unknown new wallet.
- 1,127 BTC worth $48,828,327 transferred from an unknown wallet to crypto exchange Binance.
Bitcoin is trading for $43,865 at time of writing, a fractional increase on the day.
The other transactions noticed by Whale Alert include top smart contract platform ETH, its biggest rival Solana (SOL), the popular meme asset Dogecoin (DOGE), and XRP, the virtual currency associated with payments platform Ripple Labs.
The altcoin transactions on Whale Alert’s radar include:
- 16,778 ETH worth $39,351,215 transferred from an unknown wallet to Coinbase.
- 10,000 ETH worth $23,506,565 transferred from crypto exchange Bitfinex to an unknown new wallet.
- 50,000 ETH worth $117,138,528 transferred from DeFi platform BitDao to an unknown wallet.
- 150,000 SOL worth $10,187,490 transferred from an unknown wallet to Binance.
- 149,998 SOL worth $10,960,648 transferred from an unknown wallet to Binance.
- 24,000,000 XRP worth $15,187,390 transferred from an unknown wallet to crypto exchange Bitso.
- 22,800,000 XRP worth $14,429,636 transferred from an unknown wallet to crypto exchange Bitstamp.
- 64,746,017 DOGE worth $6,127,419 transferred from an unknown wallet to Coinbase.
Ethereum is trading for $2,354 at time of writing while DOGE, SOL, and XRP are moving for $0.098, $72.87, and $0.664, 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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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