The Destination of $443 Million Worth of Bitcoin and Ethereum Moved by Whales in a Single Day

Whales Transfer Over $443 Million in Bitcoin and Ethereum in 24 Hours

New data reveals that a small group of crypto whales recently moved more than $443 million worth of Bitcoin (BTC) and Ethereum (ETH) within a single day. The largest transaction involved an unknown wallet transferring 2,554 BTC valued at over $95.6 million to Coinbase, as reported by the crypto-tracking platform Whale Alert.

Bitcoin Transactions

Other notable Bitcoin transactions include:

798 BTC worth over $29.6 million transferred from Binance to an unknown wallet
1048 BTC worth $39.1 million transferred from an unknown wallet to Binance
1,139 BTC worth more than $42.7 million transferred from Coinbase to an unknown new wallet
574 BTC worth more than $21.1 million transferred from Coinbase to an unknown wallet
1,089 BTC worth more than $41.1 million transferred from Binance to an unknown wallet

The current price of Bitcoin is $37,665.

Ethereum Transactions

Significant Ethereum transactions include:

12,000 ETH worth over $24.1 million transferred from an unknown wallet to GateIO exchange
17,651 ETH worth more than $36.1 million transferred from an unknown wallet to Coinbase
17,910 ETH worth more than $36.2 million transferred from an unknown wallet to Coinbase
10,000 ETH worth more than $20.2 million transferred from an unknown wallet to Binance
10,000 ETH worth more than $20.2 million transferred from BitDao to an unknown wallet
17,978 ETH worth more than $36.7 million transferred from an unknown wallet to Coinbase

Hot Take: Whales Make Massive Crypto Moves

In a single day, crypto whales have transferred a staggering amount of Bitcoin and Ethereum, totaling over $443 million. These significant transactions involve well-known exchanges like Coinbase and Binance, as well as various unknown wallets. The movements of such large sums of money by these whales can have a significant impact on the market. It is crucial for crypto enthusiasts to keep an eye on whale activity as it provides insights into market trends and potential price movements.