New data reveals that deep-pocketed crypto investors are shifting hundreds of millions of dollars worth of crypto assets, including Bitcoin (BTC) and Dogecoin (DOGE).
According to data from whale-surveying platform Whale Alert, about $544 million worth of the top crypto asset by market cap has been moved into crypto exchanges or unknown wallets.
Transactions involving the king crypto on Whale Alert’s radar include:
1,499 BTC worth $51,276,429 transferred from Binance to Coinbene.
3,000 BTC worth $102,552,927 transferred from an unknown wallet to Coinbase.
2,765 BTC worth $94,492,884 transferred from an unknown wallet to Coinbase.
1,099 BTC worth $37,358,214 transferred from an unknown wallet to Coinbase.
952 BTC worth $32,345,568 transferred from an unknown wallet to Coinbase.
2,000 BTC worth $68,560,116 transferred from an unknown wallet to Coinbase.
3,195 BTC worth $109,078,397 transferred from an unknown wallet to unknown wallet.
1,400 BTC worth $47,897,011 transferred from an unknown wallet to Crypto.com.
Other notable transactions on Whale Alert’s radar include traders relocating millions of dollars worth of memecoins Pepe (PEPE) and DOGE as well as XRP, the digital asset used to operate Ripple Labs’ payments platform.
Those transactions include:
4,539,930,825,193 PEPE worth $5,562,913 transferred from an unknown wallet to Binance.
27,000,000 XRP worth $14,879,092 transferred from an unknown wallet to Bitstamp.
89,863,455 DOGE worth $6,298,107 transferred from Robinhood to an unknown wallet.
97,000,000 DOGE worth $7,234,272 transferred from Robinhood to an unknown wallet.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/IvaFoto
