Crypto Whales Stir Up the Market with Abrupt Asset Shifts
Prominent crypto assets such as Bitcoin (BTC), Polygon (MATIC), and XRP are experiencing sudden shifts of hundreds of millions of dollars, according to Whale Alert, a platform that tracks the activity of crypto whales.
The platform’s data reveals that wealthy crypto investors are relocating large amounts of these assets between different wallets and crypto exchanges.
Whale Alert also noted other significant transactions, such as the transfer of 902 BTC worth $20,549,808 from Coinbase to an anonymous wallet and the transfer of 1,300 BTC worth $29,859,483 from an anonymous wallet to Coinbase.
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For MATIC, the platform discovered two transactions, one where 20,000,000 MATIC worth $26,589,171 was moved from an unknown wallet to another and another where 18,000,000 MATIC worth $23,800,532 was transferred from one anonymous wallet to another.
Whale Alert also monitored two transactions involving XRP. One transaction saw a crypto whale move 34,000,000 XRP worth $13,586,728 from an unknown wallet to Bitstamp, while another saw a well-funded trader relocate 25,400,000 XRP worth $10,068,153 from Bitso to an anonymous wallet.