Bitcoin, Ethereum And Altcoins See Whopping $749M Transfer — What’s Next?
In a recent flurry of activity within the cryptocurrency realm, high-profile investors, commonly termed as “whales,” have initiated substantial transfers of digital currencies.
These movements encompass major cryptocurrencies, including Bitcoin BTC/USD, Ethereum ETH/USD and Shiba Inu (SHIB).
According to the Whale Alert data, the whales relocated an impressive $511 million in Bitcoin. A portion of these transfers was channeled to the premier U.S.-based crypto exchange, Coinbase, while the rest took place between anonymous wallets.
Highlighted Bitcoin transactions by Whale Alert include:
- 2,740 BTC, equivalent to $73,055,868 USD, shifted from an undisclosed wallet to Coinbase.
- 2,795 BTC, amounting to $75,029,955 USD, relocated from an undisclosed wallet to Coinbase.
- 2,807 BTC, worth $74,894,150 USD, transferred from an undisclosed wallet to Coinbase.
- 1,000 BTC, valued at $26,872,014 USD, moved from an undisclosed wallet to Coinbase.
- 9,775 BTC, totaling $261,129,772 USD, exchanged hands between undisclosed wallets.
- Also Read: Ex-Morgan Stanley Tech Director Believes Crypto Represents Long-Term Growth Opportunity
For altcoins, Whale Alert data reveals that affluent traders shifted an estimated $238 million in Ethereum, Shiba Inu and XRP to diverse crypto exchange platforms. Some notable altcoin movements include:
- 22,017 ETH, equivalent to $34,313,618 USD, directed to Coinbase.
- 50,000 ETH, valued at $78,307,428 USD, moved to Kraken.
- 31,200,000 XRP, worth $15,149,324 USD, transferred to Bitstamp.
- 23,700,000 XRP, amounting to $11,502,941, shifted to Bitso.
- 4,607,030,677,374 SHIB, equivalent to $31,387,700, exchanged hands between anonymous wallets.
