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Whales Abruptly Move $202,000,000 in XRP and Ethereum-Based Altcoin Project – Here’s Where the Crypto Is Now

source-logo  dailyhodl.com 06 February 2023 02:13, UTC
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After moving huge amounts of Bitcoin (BTC) and (ETH) over the weekend, crypto whales are now shifting millions in $XRP and the metaverse project The Sandbox ($SAND).

The crypto whale tracker Whale Alert has spotted four massive $XRP transactions in the last 24-hours, moving a total of $126 million.

The single largest transfer moved 205,500,000 $XRP worth $81.7 million from one unknown wallet to another unknown wallet.

The remaining whale transfers sent $XRP both to and from a number of crypto exchanges, which suggests the large investors may have bought and sold the digital asset in big numbers.

Here’s a look at the additional large $XRP moves in the last day.

  • 40,000,000 $XRP worth $15.9 million transferred from Bitso to unknown wallet
  • 41,000,000 $XRP worth $16.2 million transferred from unknown wallet to Bitstamp
  • 32,043,479 $XRP worth $13.0 million transferred from Binance to unknown wallet

Meanwhile, whales holding the Ethereum-based metaverse altcoin The Sandbox ($SAND) are also moving millions in crypto as a new week begins.

One of the transfers sent $SAND from an unknown wallet to the crypto exchange Binance, where it could potentially be sold on the open market.

  • 57,000,000 $SAND worth $44.6 million transferred from unknown wallet to unknown wallet
  • 40,000,000 $SAND worth $31.2 million transferred from unknown wallet to Binance

In total, the $XRP and $SAND whales moved a whopping $202 million in just six transactions.

According to Whale Stats, 0.74% of the 1,000-largest Ethereum wallets in existence now hold $SAND.

The top altcoin holding among those Ethereum whales is currently Tether (USDT) at 17.14%, Shiba Inu (SHIB) at 15.89% and USD Coin (USDC) at 15.86%.

Source: WhaleStats
dailyhodl.com