Deep-pocketed crypto traders are abruptly shifting hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and other digital assets to and from prominent crypto exchange platforms.
New data from whale-surveying platform Whale Alert reveals that high-net-worth investors are moving over $400 million worth of the flagship crypto assets and over $70 million worth of the top altcoin.
Transactions involving BTC and ETH on Whale Alert’s radar include:
- 3,979 BTC worth $175,237,686 transferred from an unknown wallet to Coinbase.
- 2,244 BTC worth $97,937,208 transferred from an unknown wallet to Coinbase.
- 1,040 BTC worth $45,608,237 transferred from Coinbase to an unknown new wallet.
- 1,999 BTC worth $87,662,421 transferred from Kraken to Bitfinex.
Bitcoin is trading for $43,543 at time of writing while Ethereum is moving for $2,318.
Whale Alert’s data also reveals that crypto whales have been moving around non-ETH altcoins, such as smart contract platform Solana (SOL), layer-2 scaling solution Polygon (MATIC), and XRP, the digital asset used by payments firm Ripple Labs.
Notable altcoin transactions on Whale Alert’s radar include:
- 500,000 SOL worth $47,042,615 transferred from an unknown wallet to Coinbase.
- 113,714 SOL worth $10,709,941 transferred from Coinbase to an unknown wallet.
- 48,131,458 MATIC worth $40,822,698 transferred from an unknown wallet to another unknown wallet.
- 33,471,499 MATIC worth $28,310,047 transferred from an unknown wallet to another unknown wallet.
- 32,619,804 MATIC worth $27,542,219 transferred from Polygon Staking to an unknown wallet.
- 20,000,000 XRP worth $12,294,187 transferred from an unknown wallet to Bybit.
- 25,200,000 XRP worth $15,540,992 transferred from an unknown wallet to Bitso.
- 24,900,000 XRP worth $15,344,041 transferred from an unknown wallet to Bitstamp.
SOL, MATIC, and XRP are trading for $94.69, $0.854, and $0.618 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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