Bitcoin and Ethereum Whales Abruptly Move Massive Crypto Troves Worth Up to $133,000,000
Crypto whales are moving large amounts of coins around to start the week, with several nine-figure transactions on the blockchain.
First recorded by blockchain tracking service Whale Alert, a mysterious Bitcoin whale sent 6,980 BTC to another unknown wallet early Monday morning.
The transfer was worth a staggering $133,839,478 and the sender only paid a fee of $0.07. The transfer was initiated by a wallet created last month, and was sent to a newly created wallet.
At the time of writing, BTC is changing hands at $19,324, up 1.5% on the day so far.
Whale Alert also spotted two large Ethereum transfers making waves. According to the blockchain tracker, an unknown entity transferred 84,999 ETH worth over $110,281,414 to an unknown wallet. Hours later, another unidentified entity sent 41,497 ETH worth about $54,800,879 to another unknown wallet.
Whales from other altcoin networks were also active early Monday morning, with Whale Alert detecting a massive Polygon (MATIC) transfer of 90,197,579 MATIC worth around $71,123,790 USD between two unknown wallets.
Blockchain analytics firm Santiment recently reported that at the end of last month, huge amounts of BTC left crypto exchanges for cold storage at a level not seen since the bottom of June this year.
“Bitcoin saw 34,723 of its coins move off exchanges on September 30, indicating what could be a touch of trader confidence heading into Q4. The last time at least this much BTC left exchanges was June 17, when prices jumped + 22% for the next 4 weeks.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/zeber/David
