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

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.

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.

Generated Image: Midjourney