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.
Generated Image: DALLE3
