Whales Abruptly Move $282,500,000 in XRP and Polygon (MATIC) in Series of Massive Crypto Transfers

Crypto whales are out in force as a new week arrives, moving a staggering $282.5 million in XRP and Polygon (MATIC).

The crypto address tracker Whale Alert spotted a series of mounting transactions in the last 36 hours.

Whales have moved XRP both to and from crypto exchanges Bitstamp and Bitso.

Here’s an overview of the activity, which totals $248.9 million.

• 264,500,000 XRP worth $102.0 million sent from unknown wallet to unknown wallet
• 244,500,000 XRP worth $94.3 million sent from unknown wallet to unknown wallet
• 43,000,000 XRP worth $16.7 million sent from unknown wallet to Bitstamp
• 35,000,000 XRP worth $13.5 million sent from unknown wallet to Bitstamp
• 30,000,000 XRP worth $11.6 sent from unknown wallet to Bitstamp
• 28,000,000 XRP worth $10.8 million sent from Bitso to unknown wallet

Meanwhile, Polygon whales have moved a total of $33.6 million, with only one of the transactions involving centralized exchanges.

• 4,379,990 MATIC worth $6.7 million sent from unknown wallet to Polygon
• 4,379,990 MATIC worth $6.7 million sent from unknown wallet to Polygon
• 6,000,000 MATIC worth $8.6 million sent from Bitfinex to Binance
• 7,796,507 MATIC $11.6 million sent from Polygon to unknown wallet

New numbers from WhaleStats show Polygon is now the fifth-largest crypto asset holding among the 5,000 biggest Ethereum whales on record.

The top four are Ethereum (ETH), USD Coin (USDC), Tether (USDT) and Shiba Inu (SHIB).

XRP is at $0.39 at time of publishing, down 0.5% in the last 24 hours. MATIC is at $1.49, down 0.9% in the last day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dotted Yeti/Nikelser Kate

The post Whales Abruptly Move $282,500,000 in XRP and Polygon (MATIC) in Series of Massive Crypto Transfers appeared first on The Daily Hodl.