Wealthy crypto investors are moving hundreds of millions of dollars worth of digital assets, including Bitcoin (BTC) and Ethereum (ETH), as a new week begins.
According to the address tracker Whale Alert, crypto whales have abruptly shifted $350 million worth of virtual currencies in the last 36 hours.
Several gargantuan transactions involving Bitcoin and Ethereum are on Whale Alert’s radar.
All three transactions sent BTC from unknown wallets to crypto exchanges, where the crypto could potentially be sold on the open market.
- 2,756 BTC worth $132,922,200 transferred from an unknown wallet to crypto exchange Binance.
- 9,959 ETH worth $24,708,281 transferred from an unknown wallet to Binance.
- 25,658 ETH worth $64,177,123 transferred from an unknown wallet to the crypto exchange OKex.
Bitcoin is trading for $49,777 at time of writing, a 3% increase during the last day while ETH is worth $2,559 at time of writing, up 1.6% in the last 24 hours.
Other transactions noted by Whale Alert involve altcoins Solana (SOL), Litecoin (LTC) and XRP.
The XRP transactions appear to be connected to the crypto payments company Ripple.
Meanwhile, the Litecoin in question was moved off an exchange, and a multi million-dollar pile of Solana was sent to Binance.
- 99,999 SOL worth $10,511,803 transferred from an unknown wallet to Binance.
- 219,472 LTC worth $15,660,934 transferred from Binance to an unknown wallet.
- 100,000,000 XRP worth $52,584,019 transferred from an unknown wallet to Ripple.
- 80,000,000 XRP worth $42,057,144 transferred from Ripple to an unknown wallet.
- 27,300,000 XRP worth $14,444,647 transferred from one unknown wallet to another.
Solana, LTC and XRP are trading for $109, $0.53, and $0.082 at time of writing, respectively.
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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.
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The post Whales Abruptly Move $350,000,000 in Bitcoin, Ethereum, Solana, Litecoin and XRP – Here’s Where the Crypto Is Headed appeared first on The Daily Hodl.
