Deep-pocketed crypto investors are suddenly moving hundreds of millions worth of crypto assets, including the two leading digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH).
New data from whale-watching platform Whale Alert reveals that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC) and XRP over the past 24 hours.
The largest amount of cryptocurrency moved was more than $165 million worth of the king’s cryptocurrency when the wealthy investor suddenly moved 7200 BTC from one unknown wallet to another.
Also a rich merchant moved 24,768 ETH worth $39,122,083 at the time of writing from an unknown wallet on Coinbase, the largest US-based crypto exchange platform.
Another deep pocketed investor in a flash stirred 5,212,794 MATIC, worth $5,716,200 at the time of writing, from the Polygon blockchain to an unknown wallet.
The last significant virtual asset on the move was XRP, the cryptocurrency used to power Ripple Labs’ payment platform. The whales moved around $105 million worth of XRP through four different transactions:
- 160,000,000 XRP, worth $65,533,398 at the time of writing, was transferred from one unknown wallet to another unknown wallet.
- 33,000,000 XRP, worth $13,650,123 at the time of writing, was transferred from an unknown wallet to crypto exchange Bitstamp.
- 39,500,000 XRP, worth $16,200,942 at the time of writing, was transferred from crypto exchange Bitso to an unknown wallet.
- 30,000,000 XRP, worth $12,409,202 at the time of writing, was transferred from an unknown wallet to crypto exchange Bitso.
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Disclaimer: The opinions expressed in The Daily Hoddle are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrency or digital assets. Please note 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 purchase or sale of any cryptocurrency or digital asset, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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