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.
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Featured image: Shutterstock/X-Poser