A well-funded cryptocurrency investor is suddenly transferring hundreds of millions of dollars worth of digital assets to and from unknown wallets.
New data from whale research platform Whale Alert reveals that more than $350 million of Bitcoin (BTC), the top crypto asset by market cap, was moved in two separate transactions.
Cryptocurrency whale appears in first transaction move 3,599 BTC ($252,067,077) was transferred from one unknown wallet to another, and the second transaction sent 1,500 BTC ($105,528,550). shifted From one unknown wallet to another.
At the time of writing, Bitcoin was trading at $69,671, down 1.9% over the past 24 hours but up 10.7% from its seven-day low of $62,932 on March 22nd.
According to Whale Alert, crypto whales have also moved more than $100 million in XRP, a digital asset associated with payment platform Ripple, on a chain with Ethereum (ETH), the second-largest crypto asset by market capitalization. Each of its links also moved less than $100 million, according to LINK, a provider of decentralized oracle services for smart contracts.
Other transactions on Whale Alert's radar include:
- 210,020,140 XRP worth $128,921,343 was transferred from one unknown wallet to another.
- 15,000 ETH worth $53,235,693 was transferred from cryptocurrency exchange Bitfinex to an unknown wallet.
- 4,220,958 LINK $80,137,130 was transferred from one unknown wallet to another.
At the time of writing, Ethereum is trading at $3,510, down 1.5% over the past 24 hours, while XRP and LINK are trading at $0.630 and $19.09, respectively.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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