Entrenched crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and other altcoins.
According to new data from whale research platform Whale Alert, wealthy traders have shifted approximately $644 million worth of digital assets worth market cap to and from exchange platforms and crypto wallets.
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 trading at $43,865 at the time of writing, up fractionally on the day.
The other transactions spotted by Whale Alert include smart contract platform ETH, its biggest rival Solana (SOL), popular meme asset Dogecoin (DOGE) and XRP, the virtual currency linked to payments platform Ripple Labs.
The altcoin transactions on Whale Alert’s radar 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 trading at $2,354 at the time of writing, while DOGE, SOL, and XRP are worth $0.098, $72.87, and $0.664, respectively.
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Generated image: Midjourney