Bitcoin News

Whales Move Over $475,000,000 in Bitcoin (BTC), Polygon (MATIC) and XRP – Here’s Where the Crypto’s Headed

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Crypto whales are abruptly shifting hundreds of millions of dollars of prominent crypto assets including Bitcoin (BTC), Polygon (MATIC), and XRP.

New data from whale-watching platform Whale Alert, deep-pocketed crypto investors are moving troves of the king crypto to and from various wallets and crypto exchange platforms.

One high-net-worth investor moved 5,502 BTC worth $124,830,222 from one unknown wallet to another while another investor shifted 5,000 BTC worth $113,427,139 from one unknown wallet to another.

Other notable transactions including the top crypto asset by market cap on Whale Alert’s radar include:

  • 5,000 BTC worth $113,427,139 transferred from an unknown wallet to a different unknown wallet.
  • 902 BTC worth $20,549,808 transferred from the crypto exchange Coinbase to an unknown wallet.
  • 1,300 BTC worth $29,859,483 transferred from an unknown wallet to the crypto exchange Coinbase.

Whale Alert also brings attention to whale activity centered around layer-2 scaling solution MATIC and XRP, the crypto asset used to operate Ripple Labs’ payments platform.

The whale-surveying platform finds that wealthy investors moved 20,000,000 MATIC worth $26,589,171 from an unknown wallet to another and 18,000,000 MATIC worth $23,800,532 from a different unknown wallet to another.

Moving on to XRP, Whale Alert brings attention to two transactions. The first has a crypto whale shuffling over 34,000,000 XRP worth $13,586,728 from an unknown wallet to crypto exchange Bitstamp.

The second transaction saw a deep-pocketed trader move 25,400,000 XRP worth $10,068,153 from crypto exchange Bitso to an unknown wallet.

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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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