New Data Reveals Whales Moving Hundreds of Millions in Crypto
New data shows that large crypto investors, known as whales, are transferring significant amounts of digital assets, including Bitcoin (BTC) and Ethereum (ETH). According to whale-tracking platform Whale Alert, $511 million worth of BTC has been moved to Coinbase or an unknown wallet. Some notable transactions include the transfer of 2,740 BTC worth $73 million and 9,775 BTC worth $261 million to undisclosed wallets.
Altcoin Movements
Whale Alert’s data also highlights the movement of altcoins by high net worth investors. Approximately $238 million worth of Ethereum, Shiba Inu (SHIB), and XRP have been transferred to various crypto exchange platforms. Notable transfers include 22,017 ETH worth $34 million to Coinbase and 31,200,000 XRP worth $15 million to Bitstamp.
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Hot Take: Whales Make Major Crypto Moves
A recent report reveals that whales have made significant transfers of Bitcoin, Ethereum, XRP, and Shiba Inu. With over $749 million in crypto assets on the move, it remains uncertain where these funds are heading. These large-scale transactions indicate a shift in strategy by deep-pocketed investors. It will be interesting to see how these moves impact the market in the coming days and weeks.
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