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Home»Analysis»Whales Move Over $650,000,000 in Bitcoin, Ethereum, XRP, and Dogecoin – Here’s Where the Cryptos Are Going
Analysis

Whales Move Over $650,000,000 in Bitcoin, Ethereum, XRP, and Dogecoin – Here’s Where the Cryptos Are Going

2023-06-01No Comments2 Mins Read
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Big pocket crypto traders trade hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and XRP.

New data from whale-watching platform Whale Alert reveals that crypto-whales have shifted about $650 million worth of funds in recent days, with the majority of transfers involving Bitcoin.

Whale Alert finds six transactions related to the king crypto, totaling $521.5 million:

  • 11,224 BTC worth $302,247,036 transferred from an unknown wallet to another unknown wallet.
  • 2,089 BTC worth $56,947,001 transferred from unknown wallet to crypto exchange Coinbase.
  • 1,999 BTC worth $53,906,934 transferred from crypto exchange Coinbene to crypto exchange Binance.
  • 1,999 BTC worth $53,824,751 transferred from unknown wallet to crypto exchange Bitfinex.
  • 1,065 BTC worth $29,012,458 transferred from crypto exchange Coinbase to an unknown wallet.
  • 942 BTC worth $25,656,051 transferred from crypto exchange Coinbase to unknown wallet.

Other notable multi-million dollar trades on Whale Alert’s radar include Dogecoin, the leading Ethereum smart contract platform, and XRP, the crypto asset used to power Ripple Labs’ payments platform:

  • Transferred 700,000,000 DOGE worth $50,080,514 from an unknown wallet to another unknown wallet.
  • 75,987,591 XRP worth $38,831,254 transferred from an unknown wallet to crypto exchange Binance.
  • 23,500,000 XRP worth $12,247,897 transferred from unknown wallet to crypto exchange Bitstamp.
  • 19,499 ETH worth $36,144,262 transferred from unknown wallet to crypto exchange Coinbase.

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