coinedition.com
According to the crypto whale tracking bot WhaleStats, the top 2000 Ethereum whales hold a whopping $102,219,342 of the popular meme currency Shiba Inu. Meanwhile, Bitcoin ($BTC) and Dogecoin ($DOGE) whales have also made some moves over the past weeks as the overall crypto market slowly picks up the pace.
Data published on Blockchain.com indicates that a crypto “whale” has just transferred funds from a wallet holding more than 74,105 Bitcoin, with a market value of over $1.58 billion at the time of the transfer.
The BTCs were transferred to wallets of unknown origin. The whale also moved 50,562 $BTC worth about $1.08 billion, and another transaction of 23,542 $BTC, worth around $505 million went through right after. The whale consecutively made transfers in batches of 4,000 $BTC, 10,000 $BTC, 10,000 $BTC, 9,642 $BTC, 10,000 $BTC, 10,000 $BTC, 10,000 $BTC, and 562 $BTC.
These transactions came after crypto whales moved over $130 million worth of Dogecoin and $XRP late last week. According to the blockchain-tracking tool Whale Alert, an unidentified wallet transferred over $20.7 million worth of $DOGE on Tuesday. Just half an hour later, a second untraceable wallet transferred 300 million $DOGE, worth over $41.8 million, to a third untraceable wallet.
Also in motion were $XRP whales; between the two Dogecoin transactions, a separate unknown wallet moved 60 million $XRP to the crypto exchange Bitstamp, approximately worth $28.03 million. A few seconds later, Bitstamp sent over 60.9 million $XRP, valued at about $28.4 million, to an unidentified wallet.
However, Bitstamp was not the only exchange to process substantial $XRP volumes with more than $13.88 million in $XRP transferred to crypto exchange Bitso from an anonymous wallet.
Despite the massive whale activities, the overall cryptocurrency market has dropped 1.6% over the past 24 hours and currently stands at the $1.08 trillion mark.