As Bitcoin floats above $23,000, three huge Bitcoin and Ethereum whales are turning heads among crypto traders.
In total, the whales moved a staggering $743 million in crypto in just three transactions.
A Bitcoin whale made the first move on Friday, sending 13,369 BTC worth $311 million from one unknown wallet to another.
The crypto transaction came from – and arrived at what became – the 65th-largest Bitcoin wallet on record, according to BitInfoCharts.
As the weekend arrived, an Ethereum whale then surfaced, moving 186,009 ETH worth $309 million from one unknown wallet to another unknown wallet.
A few hours later, Whale Alert tracked a second Bitcoin whale sending 5,278 BTC worth $123 million from the crypto exchange Gate.io to an unknown wallet.
That transaction could represent a recent purchase, with an investor moving funds off the exchange and over to a cold wallet. It could also represent someone deciding to move existing funds over to cold storage for security purposes.
After a period of significant volatility, Bitcoin has remained relatively quiet in the last 24-hours. At time of publishing, BTC is down 0.5% in the last day, at $23,305.
Ethereum is up 0.1% in the last 24-hours, at 1,664.
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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 loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DanieleGay/Vladimir Sazonov
Source: https://dailyhodl.com/2023/02/04/bitcoin-and-ethereum-whales-move-743000000-in-crypto-in-three-massive-transfers/