Crypto Whales Make Waves Transfering Hundreds of Millions of Dollars
Crypto whales are making significant shifts in their digital asset holdings, including the most prominent cryptocurrency, Bitcoin, and other top altcoins.
Recently, according to data from the whale-tracking platform Whale Alert, a high-net-worth trader moved an impressive 14,159 Bitcoin (BTC) valued at a staggering $421.7 million from an undisclosed wallet to another.
Furthermore, noteworthy activities have involved the leading cryptocurrency, with another whale transferring 1,881 BTC worth $55.9 million from an undisclosed wallet to Coinbase, a prominent US-based crypto exchange.
Among the notable transactions are those related to Ethereum (ETH) and Solana (SOL) – both smart contract platforms. There was a transfer of $51.6 million worth of ETH and $53.9 million worth of SOL.
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Whale Alert also reported significant movements in Ethereum and Solana. One whale moved 27,366 ETH from Binance.US, the US branch of a major crypto exchange, to an unknown wallet.
Another wealthy trader shuffled 2,000,000 SOL from Binance to an undisclosed wallet. Additionally, a crypto whale transferred 409,823 SOL valued at $10.3 million from an unknown wallet to Binance.
Noteworthy transfers also include the popular dog-themed meme asset Shiba Inu (SHIB) and the decentralized oracle network Chainlink (LINK). In one transaction, 2,416,836,656,676 SHIB worth $18.7 million were moved from Binance.US to an unknown wallet. In another transfer, 3,743,238 LINK worth $29.9 million were moved from one undisclosed wallet to another.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
