Deep-pocketed crypto investors are suddenly moving hundreds of million worth of crypto assets, including the top two leading digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH).
New data from the whale-watching platform Whale Alert finds that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC), and XRP during the last 24 hours.
The biggest amount of crypto moved was over $165 million worth of the king crypto when a high-net-worth investor suddenly shifted 7,200 BTC from one unknown wallet to another.
A wealthy trader also moved 24,768 ETH worth $39,122,083 at time of writing from an unknown wallet to Coinbase, the largest US-based crypto exchange platform.
Another deep-pocketed investor abruptly shuffled 5,212,794 MATIC, worth $5,716,200 at time of writing, from the Polygon blockchain to an unknown wallet.
The last notable virtual asset that was on the move was XRP, the cryptocurrency used to operate Ripple Labs’ payments platform. The whales moved about $105 million worth of XRP across four different transactions:
- 160,000,000 XRP, worth $65,533,398 at time of writing, transferred from one unknown wallet to another unknown wallet.
- 33,000,000 XRP, worth $13,650,123 at time of writing, transferred from unknown wallet to crypto exchange Bitstamp.
- 39,500,000 XRP, worth $16,200,942 at time of writing, transferred from crypto exchange Bitso to unknown wallet.
- 30,000,000 XRP, worth $12,409,202 at time of writing, transferred from unknown wallet to crypto exchange Bitso.
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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.
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Source: https://dailyhodl.com/2023/01/27/crypto-whales-move-over-317000000-in-bitcoin-ethereum-xrp-and-polygon-heres-where-its-headedment/