Crypto whales are moving hundreds of millions of dollars worth of Ethereum (ETH) and Dogecoin (DOGE) as the digital asset markets continue to correct.
Blockchain-tracking service Whale Alert reports that deep-pocketed Ethereum holders relocated 323,430 ETH worth $488.67 million in the past day from unknown wallets to popular US-based crypto exchange Coinbase.
At time of writing, Ethereum is trading for $1,533, up over 1% in the last 24 hours. Even after last week’s market-wide retracement, the leading smart contract platform remains up more than 28% this year.
Whale Alert also finds that a large Dogecoin holder is also on the move. According to the blockchain tracker, a mysterious whale shifted 1,200,000,000 DOGE worth $99.23 million in three separate transactions.
At time of writing, DOGE is worth $0.082, a fractional increase on the day. The top meme coin is still up 18% this year despite the current crypto correction.
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Source: https://dailyhodl.com/2023/02/12/whales-move-over-587880000-in-ethereum-and-dogecoin-amid-market-pullback-heres-where-the-crypto-is-going/