New data finds that deep-pocketed crypto investors are moving hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH), to and from prominent crypto exchange platforms.
According to whale-surveying platform Whale Alert, crypto whales have suddenly shifted $780 million worth of virtual currencies, nearly $500 million of which is the top crypto asset by market cap.
Transactions involving Bitcoin on Whale Alert’s radar include:
- 3,167 BTC worth $139,724,560 transferred from an unknown wallet to crypto exchange Coinbase.
- 2,000 BTC worth $88,297,346 transferred from Coinbase to an unknown wallet.
- 1,380 BTC worth $61,038,659 transferred from Coinbase to an unknown new wallet.
- 2,250 BTC worth $100,136,748 transferred from one unknown wallet to another.
- 584 BTC worth $25,629,293 transferred from crypto exchange Binance to an unknown wallet.
- 1,815 BTC worth $79,636,169 transferred from crypto exchange Kraken to crypto exchange Bitfinex.
Bitcoin is trading for $43,436 at time of writing, a 1.2% decrease during the last 24 hours.
Other transactions noted by Whale Alert involving altcoins, such as the leading smart contract platform, the popular meme asset Dogecoin (DOGE) and XRP, include:
- 14,629 ETH worth $33,300,497 transferred from an unknown wallet to Coinbase.
- 14,648 ETH worth $32,937,090 transferred from an unknown wallet to Binance.
- 20,997 ETH worth $47,192,106 transferred from crypto lender Liquity to an unknown wallet.
- 11,266 ETH worth $25,278,451 transferred from Binance to an unknown wallet.
- 10,000 ETH worth $22,436,362 transferred from an unknown wallet to Binance.
- 26,000,000 XRP worth $15,229,979 transferred from an unknown wallet to crypto exchange Bitso.
- 24,700,000 XRP worth $14,468,480 transferred from an unknown wallet to crypto exchange Bitstamp.
- 883,016,276 DOGE worth $72,931,469 transferred from one unknown wallet to another.
- 307,491,734 DOGE worth $25,401,703 transferred from one unknown wallet to another.
Ethereum, XRP, and Dogecoin are trading for $2,221, $0.563, and $0.82 at time of writing, respectively.
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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/2024/01/05/whales-moves-over-780000000-in-bitcoin-ethereum-xrp-and-dogecoin-heres-where-the-cryptos-headed/