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.
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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- Source: https://dailyhodl.com/2024/02/12/whales-abruptly-move-350000000-in-bitcoin-ethereum-solana-litecoin-and-xrp-heres-where-the-crypto-is-headed/
