dailyhodl.com
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.
- 2,756 $BTC worth $132,922,200 transferred from an unknown wallet to crypto exchange Binance.
- 9,959 $ETH worth $24,708,281 transferred from an unknown wallet to Binance.
- 25,658 $ETH worth $64,177,123 transferred from an unknown wallet to the crypto exchange OKex.
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.
Generated Image: Midjourney