Crypto whales are moving huge amounts of coins around to start the week, with multiple nine-figure transactions spotted on the blockchain.
First recorded by blockchain tracking service Whale Alert, one mysterious Bitcoin whale sent 6,980 BTC to another unknown wallet in the early hours of Monday morning.
The transfer was worth a staggering $133,839,478, and the sender only paid a fee of $0.07. The transfer was initiated by a wallet created last month, and was sent to a newly created wallet.
At time of writing, BTC is swapping hands for $19,324, up 1.5% on the day so far.
Whale Alert also spotted two big Ethereum transfers making waves. According to the blockchain tracker, an unknown entity transferred 84,999 ETH worth over $110,281,414 to an unknown wallet. Hours later, another unidentifiable entity sent 41,497 ETH worth about $54,800,879 to another unknown wallet.
Whales from other altcoin networks were active early Monday morning as well, with Whale Alert spotting a massive Polygon (MATIC) transfer of 90,197,579 MATIC worth about $71,123,790 USD between two unknown wallets.
Blockchain analytics firm Santiment recently reported that at the end of last month, huge amounts of BTC left crypto exchanges for cold storage at a level not seen since the lows of June this year.
“Bitcoin saw 34,723 of its coins move off exchanges on September 30th, indicating what may be a hint of trader confidence heading into Q4. The last time at least this much BTC left exchanges was June 17th, where prices jumped +22% the next 4 weeks.”
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Source: https://dailyhodl.com/2022/10/03/bitcoin-and-ethereum-whales-abruptly-move-massive-crypto-troves-worth-up-to-133000000/