Deep-pocketed cryptocurrency traders are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other digital assets to popular cryptocurrency exchange platforms.
High-net-worth investors are moving $400 million worth of flagship cryptocurrency assets and $70 million worth of top altcoins, according to new data from whale-watching platform Whale Alert.
Trades involving BTC and ETH on Whale Alert’s radar include:
- 3,979 BTC worth $175,237,686 was transferred to Coinbase from an unknown wallet.
- 2,244 BTC worth $97,937,208 was transferred to Coinbase from an unknown wallet.
- 1,040 BTC worth $45,608,237 was transferred from Coinbase to an unknown new wallet.
- 1,999 BTC worth $87,662,421 was transferred from Kraken to Bitfinex.
At the time of this writing, Bitcoin is trading at $43,543 and Ethereum is trading at $2,318.
Data from Whale Alert also shows that cryptocurrency whales are moving around non-ETH altcoins such as smart contract platform Solana (SOL), layer 2 scaling solution Polygon (MATIC), and XRP, a digital asset used by payments company Ripple Labs. It shows.
Notable altcoin deals on Whale Alert’s radar include:
- 500,000 SOL worth $47,042,615 was transferred to Coinbase from an unknown wallet.
- 113,714 SOL worth $10,709,941 was transferred from Coinbase to an unknown wallet.
- 48,131,458 MATIC worth $40,822,698 was transferred from an unknown wallet to another unknown wallet.
- 33,471,499 MATIC worth $28,310,047 was transferred from an unknown wallet to another unknown wallet.
- 32,619,804 MATIC worth $27,542,219 was transferred from Polygon Stake to an unknown wallet.
- 20,000,000 XRP worth $12,294,187 was transferred to Bybit from an unknown wallet.
- 25,200,000 XRP worth $15,540,992 was transferred to Bitso from an unknown wallet.
- 24,900,000 XRP worth $15,344,041 was transferred to Bitstamp from an unknown wallet.
SOL, MATIC, and XRP are trading at $94.69, $0.854, and $0.618, respectively, at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
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