Whales Move Over $800,000,000 in Bitcoin, Ethereum, XRP and Polygon Heres Where the Crypto Is Headed
Crypto whales are moving Bitcoin (BTC), Ethereum (ETH) and two other digital assets worth hundreds of millions of dollars in multiple transactions.
Starting with Bitcoin, blockchain-tracking platform Whale Alert says that deep-pocketed BTC investors have moved 25,820 BTC worth approximately $574 million.
In two separate transactions, the Bitcoin was moved from Binance to unknown wallets while in another two transactions, the senders and the recipients were both unknown wallets.
- 7,044 BTC ($156,002,385) transferred from Binance to an unknown wallet
- 999 BTC ($22,156,955) transferred from Binance to an unknown wallet
- 8,455 BTC ($188,061,823) transferred from one unknown wallet to another unknown wallet
- 9,322 BTC ($207,256,789) transferred from one unknown wallet to another unknown wallet
Turning to Ethereum, the blockchain-tracking platform says that whales have transferred 120,304 ETH worth over $188.5 million in two transactions.
In one of the transactions, the source was an unknown wallet to Coinbase while in the other it was an unknown wallet to another unknown wallet.
Next up is XRP. According to Whale Alert, deep-pocketed investors have moved approximately $26.8 million worth of XRP in two transactions.
In one transaction, the transfer hailed from Bitso crypto exchange to an unknown wallet while in the second one, the destination was Bitstamp crypto exchange from an unknown wallet.
Whale Alert also reports that well-endowed crypto investors moved Polygon (MATIC) worth a little over $11 million in two transactions.
In one transaction, a crypto whale moved $6.8 million worth of the native token of the layer-2 blockchain Polygon from an unknown wallet to Coinbase. The second transaction involved the transfer of MATIC worth a little over $5 million to the institutional crypto trading platform FalconX from an unknown wallet.
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This article was originally reported on The Daily Hodl.