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Wealthy crypto investors are suddenly moving hundreds of millions of crypto assets, including the top two digital assets by market capitalization, Bitcoin (BTC) and Ethereum (ETH).
New data from whale watching platform Whale Alert finds that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC), Y XRP during the last 24 hours.
The largest amount of cryptocurrency moved was over $165 million worth of king cryptocurrency when a high net worth investor suddenly displaced 7200 BTC from one unknown wallet to another.
A rich merchant too moved 24,768 ETH worth $39,122,083 at the time of writing from an unknown wallet to Coinbase, the largest US-based crypto exchange.
Another deep pocket investor abruptly shuffled 5,212,794 MATIC, worth $5,716,200 at the time of writing, from the Polygon blockchain to an unknown wallet.
The last notable virtual asset to move was XRP, the cryptocurrency used to operate Ripple Labs’ payment platform. The whales moved around $105 million worth of XRP through four different transactions:
- 160,000,000 XRP, worth $65,533,398 at time of writing, transferred from unknown wallet to unknown wallet.
- 33,000,000 XRP, worth $13,650,123 at the time of writing, transferred from an unknown wallet to the Bitstamp cryptocurrency exchange.
- 39,500,000 XRP, worth $16,200,942 at the time of writing, transferred from the Bitso cryptocurrency exchange to an unknown wallet.
- 30,000,000 XRP, worth $12,409,202 at the time of writing, transferred from an unknown wallet to the Bitso cryptocurrency exchange.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
Generated Image: Half the Journey
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