Crypto Whales Stir Markets with Multi-Million Dollar BTC, ETH, DOGE, and XRP Moves
Recently, there has been a significant transfer of funds in the cryptocurrency market involving deep-pocketed crypto traders.
Whale Alert, a platform that tracks whale activity, has revealed that approximately $650 million worth of Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP has been moved.
Among these transactions, Whale Alert identified six noteworthy transfers involving Bitcoin. These transactions amounted to a total value of $521.5 million. For instance, an unknown wallet moved 11,224 BTC, equivalent to $302,247,036, to another unknown wallet.
In a separate transfer, 2,089 BTC worth $56,947,001 was sent to the crypto exchange Coinbase from an unknown wallet. Crypto exchange Coinbene transferred 1,999 BTC worth $53,906,934 to crypto exchange Binance. Additionally, an unknown wallet transferred 1,999 BTC worth $53,824,751 to the crypto exchange Bitfinex.
Furthermore, 1,065 BTC worth $29,012,458 was moved from crypto exchange Coinbase to an unknown wallet, and 942 BTC worth $25,656,051 was transferred from Coinbase to another unknown wallet.
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Whale Alert also noted significant transactions involving other cryptocurrencies. For example, an unknown wallet transferred 700,000,000 DOGE worth $50,080,514 to another unknown wallet.
In addition, 75,987,591 XRP worth $38,831,254 was moved from an unknown wallet to the crypto exchange Binance. Furthermore, another unknown wallet transferred 23,500,000 XRP worth $12,247,897 to the crypto exchange Bitstamp. Lastly, an unknown wallet transferred 19,499 ETH worth $36,144,262 to the crypto exchange Coinbase.
Overall, these recent movements of funds within the cryptocurrency market reflect the active participation of wealthy crypto traders and highlight the substantial financial activity taking place in the crypto space.
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.
