New data shows that deep-pocketed crypto investors are moving hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH), to and from prominent crypto exchange platforms.
According to whale research platform Whale Alert, crypto whales have suddenly shifted $780 million worth of virtual currencies, of which nearly $500 million is the top crypto asset by market cap.
Transactions involving Bitcoin on Whale Alert’s radar include:
- 3,167 BTC worth $139,724,560 transferred from an unknown wallet to crypto exchange Coinbase.
- 2,000 BTC worth $88,297,346 transferred from Coinbase to an unknown wallet.
- 1,380 BTC worth $61,038,659 transferred from Coinbase to an unknown new wallet.
- 2,250 BTC worth $100,136,748 was transferred from one unknown wallet to another.
- 584 BTC worth $25,629,293 transferred from crypto exchange Binance to an unknown wallet.
- 1,815 BTC worth $79,636,169 transferred from crypto exchange Kraken to crypto exchange Bitfinex.
Bitcoin is trading at $43,436 at the time of writing, down 1.2% over the past 24 hours.
Other transactions noted by Whale Alert involving altcoins, such as leading smart contract platform, popular meme asset Dogecoin (DOGE), and XRP, include:
- 14,629 ETH worth $33,300,497 transferred from an unknown wallet to Coinbase.
- 14,648 ETH worth $32,937,090 transferred from an unknown wallet to Binance.
- 20,997 ETH worth $47,192,106 transferred from cryptocurrency lender Liquity to an unknown wallet.
- 11,266 ETH worth $25,278,451 transferred from Binance to an unknown wallet.
- 10,000 ETH worth $22,436,362 transferred from an unknown wallet to Binance.
- 26,000,000 XRP worth $15,229,979 transferred from an unknown wallet to crypto exchange Bitso.
- 24,700,000 XRP worth $14,468,480 transferred from an unknown wallet to crypto exchange Bitstamp.
- 883,016,276 DOGE worth $72,931,469 transferred from one unknown wallet to another.
- 307,491,734 DOGE worth $25,401,703 transferred from one unknown wallet to another.
Ethereum, XRP and Dogecoin are trading at $2,221, $0.563 and $0.082 respectively at the time of writing.
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Generated image: Midjourney