Crypto Whales Move Over $600,000,000 in Bitcoin, Ethereum, XRP and The Sandbox – Here’s What’s Going On
Crypto whales moved over $600 million worth of Bitcoin (BTC), Ethereum (ETH), XRP and The Sandbox (SAND) in a two-day period this week as crypto markets traded sideways.
The largest transaction involved one unknown wallet shipment 409,350,982 SAND worth more than $247.3 million to another unknown wallet, according to blockchain tracker Whale Alert.
The Sandbox is a metaverse game project with decentralized management.
Explains cryptanalysis firm Santiment,
“A famous The Sandbox Whale emptied a whopping 409 million SAND (totaling $250 million USD) and moved to a new address today. This was the most coins moved since the asset’s first week of existence in August 2020. Today’s $261 million moved is the most moved in 7 months.”
Other large transactions tracked by Whale Alert include an unknown wallet transfer 72,591 ETH worth more than $125.5 million to another unknown wallet.
In addition, an unknown whale of its own sent 5200 Bitcoin worth more than 140.7 million to another unknown address, and the crypto exchange Binance transfered 972 BTC worth more than $26.3 million to crypto exchange Coinbase.
XRP whales and exchanges moved the crypto-asset in a flurry of smaller transactions, including:
- 20,752,375 XRP worth more than $11.1 million transferred from Binance to an unknown wallet
- 41,140,453 XRP worth more than $21.6 million transferred from Binance to an unknown wallet
- 20,000,000 XRP worth almost $10.5 million transferred from an unknown wallet to crypto exchange Bitstamp
- 22,100,000 XRP worth more than $10.5 million transferred from crypto exchange Bitso to an unknown wallet
- 25,000,000 XRP worth more than $12 million transferred from an unknown wallet to Bitstamp
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