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Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars from Bitcoin (BTC), Ethereum (ETH), and three other altcoins.
New data from whale survey platform Whale Alert reveals that wealthy traders moved over $315 million from the crypto king in two separate trades.
The first transaction took place on January 4 when a whale moved 9,251 BTC worth approximately $155 million at the time of writing from one unknown wallet to another, while the second transaction took took place yesterday when a whale moved 15,477 BTC worth over $260,891,533 at the time of writing from an unknown wallet. to another.
Moving on to the leading smart contract platform ETH, Whale Alert finds that a whale has moved 32,236 ETH worth $40,355,154 at the time of writing from an unknown wallet to the main smart contract platform. U.S.-based crypto exchange Coinbase on January 5.
Other crypto assets on Whale Alert’s radar include XRP, the asset used to operate Ripple Labs’ payment platform, layer 2 scaling solution Polygon (MATIC), and exchange protocol decentralized (DEX) Curve Finance (CRV).
Notable transactions involving these digital assets include:
278,894,905 XRP worth $92,978,005 transferred from an unknown wallet to another unknown wallet. 35,100,000 XRP worth 11,881,715 transferred from crypto exchange Bitso to unknown wallet. 30,000,000 XRP worth $10,164,876 transferred from an unknown wallet to Bitso. 40,000,000 XRP worth $13,553,169 transferred from an unknown wallet to the Bitstamp crypto exchange. 35,000,000 XRP worth 12,140,436 transferred from unknown wallet to Bitstamp. 8,228,177 MATIC worth $6,585,305 transferred from an unknown wallet to Polygon. 25,000,000 MATIC worth $20,008,398 transferred from an unknown wallet to Polygon. 57,339,449 MATIC worth $45,890,822 transferred from an unknown wallet to Polygon. 17,000,000 CRV worth $8,976,141 transferred from Aave to an unknown wallet. Don’t miss a beat Subscribe to receive crypto email alerts straight to your inbox Check price action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check the latest headlines Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.
Feature image: Shutterstock/Berg Dmitry
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