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Home»Analysis»Whales Transfer Over $531,000,000 in Bitcoin and Dogecoin – Here’s Where the Crypto Is Going
Analysis

Whales Transfer Over $531,000,000 in Bitcoin and Dogecoin – Here’s Where the Crypto Is Going

2023-07-23No Comments2 Mins Read
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Crypto whales shift hundreds of millions of dollars worth of Bitcoin (BTC) and Dogecoin (DOGE) as markets take a breather.

Blockchain tracking bot Whale Alert initially spotted the large BTC and DOGE transactions over the past day amounting to $531.71 million.

The largest transfer in the past 24 hours involves a crypto whale moving 14,159 BTC worth $421.71 million from an unknown wallet to an unknown wallet.

? ? ? ? ? ? ? ? ? ? 14,159 #BTC (421,719,993 USD) transferred from unknown wallet to unknown wallethttps://t.co/dgoE4DOlFq

— Whale Alert (@whale_alert) July 21, 2023

The whale monitoring platform shows the investor with big pockets paid less than $3 to make the immense Bitcoin transaction.

Another Bitcoin whale shifted 1,890 BTC worth $56.54 million from a wallet of unknown origin to US-based crypto exchange Coinbase, where it could potentially be sold on the open market.

At the time of writing, Bitcoin is trading at USD 29,815, a fractional drop from the daily time frame.

Looking at the activities of major Dogecoin holders, Whale Alert finds that one entity moved 450,000,000 DOGE worth $32.93 million from an unknown wallet to retail-focused trading platform Robinhood.

Meanwhile, an unknown crypto wallet collected 117,717,363 DOGE worth $8.58 million from Robinhood.

In another Dogecoin transaction, a wealthy investor shifted 85,000,000 DOGE worth $6.17 million from a wallet of unknown origin to the crypto exchange Binance.

Dogecoin’s last major movement in the past 24 hours means a crypto whale moving 78,962,318 DOGE from Robindhood to an unknown wallet.

At the time of writing, DOGE is worth $0.70, down more than 4% in the past day.

See also  Crypto and stock prices plummet on Friday as new Labor report reveals rising US unemployment rate

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