Whales Move Over $880,000,000 in Bitcoin, Ethereum, Solana, XRP and Dogecoin – Here’s Where the Crypto’s Going
Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other altcoins.
New data from whale-surveying platform Whale Alert reveals that high-net-worth traders have shifted about $644 million worth of the top digital asset by market cap to and from exchange platforms and crypto wallets.
Bitcoin Transactions
The Bitcoin transactions on Whale Alert’s radar include:
- 4,535 BTC worth $198,031,859 transferred from one unknown wallet to another unknown wallet.
- 829 BTC worth $35,918,171 transferred from CashApp to an unknown new wallet.
- 7,239 BTC worth $313,534,431 transferred from an unknown wallet to another unknown wallet.
- 1,118 BTC worth $48,467,632 transferred from crypto exchange Coinbase to an unknown new wallet.
- 1,127 BTC worth $48,828,327 transferred from an unknown wallet to crypto exchange Binance.
Bitcoin is currently trading at $43,865.
Altcoin Transactions
The other transactions noticed by Whale Alert include:
- 16,778 ETH worth $39,351,215 transferred from an unknown wallet to Coinbase.
- 10,000 ETH worth $23,506,565 transferred from crypto exchange Bitfinex to an unknown new wallet.
- 50,000 ETH worth $117,138,528 transferred from DeFi platform BitDao to an unknown wallet.
- 150,000 SOL worth $10,187,490 transferred from an unknown wallet to Binance.
- 149,998 SOL worth $10,960,648 transferred from an unknown wallet to Binance.
- 24,000,000 XRP worth $15,187,390 transferred from an unknown wallet to crypto exchange Bitso.
- 22,800,000 XRP worth $14,429,636 transferred from an unknown wallet to crypto exchange Bitstamp.
- 64,746,017 DOGE worth $6,127,419 transferred from an unknown wallet to Coinbase.
Ethereum is currently trading at $2,354 while DOGE, SOL, and XRP are moving for $0.098, $72.87, and $0.664 respectively.
Hot Take: Crypto Whales on the Move
Crypto whales are making significant moves in the market by transferring over $880 million worth of Bitcoin, Ethereum, Solana, XRP and Dogecoin. These high-net-worth traders have been seen shifting their holdings between exchange platforms and wallets. Whale Alert has detected several notable transactions involving these cryptocurrencies.
The Bitcoin transactions include large amounts being transferred between unknown wallets and exchanges such as CashApp and Coinbase. Altcoin transactions involve Ethereum being moved to Coinbase and other wallets. Solana and XRP have also been transferred to Binance and other exchanges. The current trading prices of these cryptocurrencies vary.
This movement of funds by whales highlights their influence on the crypto market and indicates potential shifts in investor sentiment or trading strategies. It is important for individual investors to stay informed about such whale activities as they can have a significant impact on cryptocurrency prices.
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