Whales Move Over $1,070,000,000 in Bitcoin, Ethereum, XRP and Polygon Heres Where the Crypto Is Heading
Deep-pocketed crypto investors are suddenly shifting more than a billion dollars in Bitcoin (BTC), Ethereum (ETH), XRP and Polygon (MATIC) as markets dip.
According to new data from whale-surveying platform Whale Alert, crypto whales moved $849.1 million worth of the crypto king during the past two days.
In the largest of the BTC transactions, a whale moved 10,000 Bitcoin worth $269.4 million from one unknown wallet to another unknown wallet.
The other Bitcoin transactions on Whale Alerts radar include:
Bitcoin is trading for $26,771 at time of writing, a 0.8% decrease during the past 24 hours.
The whale-tracking platform also notes that a crypto whale moved a huge amount of layer-2 scaling solution Polygon. The deep-pocketed investor moved 30,000,000 MATIC worth $24.94 million from Polygon Staking to an unknown wallet.
Polygon is trading for $0.862 at time of writing, up 2.5% during the past 24 hours.
According to the whale-tracking platform, there were two big transactions of the smart-contract platform Ethereum on May 11th that totaled $164.4 million.
The Ethereum transactions on Whale Alerts radar include:
Ethereum is worth $1,813 at time of writing, up 1% during the past 24 hours.
The whale-tracking platform also notes that high-net-worth traders are shifting XRP, the native asset used to operate Ripple Labs payments platform. One crypto whale moved 50,000,000 XRP, worth $20.95 million at the time, from Ripple to another unknown wallet.
The other XRP transaction on Whale Alerts radar includes:
XRP is worth $0.429 at time of writing, up 1.9% during the past 24 hours.
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This article was originally reported on The Daily Hodl.