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Deep-pocketed crypto investors are suddenly moving hundreds of millions of crypto assets, including the top two digital assets by market capitalization, Bitcoin (BTC) and Ethereum (ETH).
New data from whale-watching platform Whale Alert reveals that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC), and XRP in the past 24 hours.
The largest amount of crypto moved was over $165 million crypto king when a wealthy investor suddenly moved 7,200 BTC from one unknown wallet to another.
A wealthy trader also transferred 24,768 ETH worth $39,122,083 at the time of writing from an unknown wallet to Coinbase, the largest US-based crypto exchange.
Another deep-pocketed investor abruptly shuffled 5,212,794 MATIC, worth $5,716,200 at the time of writing, from the Polygon blockchain into an unknown wallet.
The last notable virtual asset that was on the move was XRP, the cryptocurrency used to power the Ripple Labs payment platform. Whales moved approximately $105 million worth of XRP in four different transactions:
160,000,000 XRP, worth $65,533,398 at the time of writing, transferred from an unknown wallet to another unknown wallet. 33,000,000 XRP, worth $13,650,123 at the time of writing, transferred from an unknown wallet to the Bitstamp crypto exchange. 39,500,000 XRP, worth $16,200,942 at time of writing, transferred from crypto exchange Bitso to an unknown wallet. 30,000,000 XRP, worth $12,409,202 at time of writing, transferred from unknown wallet to crypto exchange Bitso. 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.
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