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Deep-pocketed crypto investors are abruptly shifting hundreds of millions of dollars worth of digital assets to and from unknown wallets.
New data from whale-surveying platform Whale Alert reveals that over $350 million worth of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions.
The first transaction saw a crypto whale move 3,599 BTC ($252,067,077) from one unknown wallet to another while the second transaction saw 1,500 BTC ($105,528,550) shifted from an unknown wallet to another.
Bitcoin is trading for $69,671 at time of writing, a 1.9% decrease during the last 24 hours but a 10.7% increase from its seven-day low of $62,932 set on March 22nd.
According to Whale Alert, crypto whales also moved over $100 million worth of XRP, the digital asset associated with payments platform Ripple, and less than $100 million of each Ethereum (ETH), the second-largest crypto asset by market cap, and Chainlink (LINK), a provider of decentralized oracle services for smart contracts.
The other transactions on Whale Alert’s radar include:
- 210,020,140 XRP worth $128,921,343 transferred from one unknown wallet to another.
- 15,000 ETH worth $53,235,693 transferred from crypto exchange Bitfinex to an unknown wallet.
- 4,220,958 LINK $80,137,130 transferred from one unknown wallet to another.
Ethereum is trading for $3,510 at time of writing, a 1.5% decrease during the last 24 hours while XRP and LINK are trading for $0.630 and $19.09, respectively.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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